Technical Overview of GBP/USD, NZD/USD and AUD/USD Currency Pairs

GBPUSD

GBP USD

The GBP traded higher against the USD and closed at 1.3048.

The European Council is set to meet in Brussels to discuss Brexit one day ahead of the deadline, trying to come to an agreement on an extension or the UK withdrawal from the EU. This meeting involves the Heads of State and Government of European Union member states.

The Consumer Price Index (CPI) Ex Food & Energy released by the US Department of Labor Statistics is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. Those volatile products such as food and energy are excluded in order to capture an accurate calculation. Generally speaking, a high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or Bearish).

According to the Analysis, The pair is expected to find support at 1.30122, and a fall through could take it to the next support level of 1.29763. The pair is expected to find its first resistance at 1.31008, and a rise through could take it to the next resistance level of 1.31535.

Previous Day range was 88.6 and Current Day Range is 19.2.

NZD USD

NZDUSD

The NZD traded higher against the USD and closed at 0.674.

The Consumer Price Index (CPI) Ex Food & Energy released by the US Department of Labor Statistics is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. Those volatile products such as food and energy are excluded in order to capture an accurate calculation. Generally speaking, a high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or Bearish).

The pair is expected to find support at 0.67315, and a fall through could take it to the next support level of 0.67232. The pair is expected to find its first resistance at 0.67531, and a rise through could take it to the next resistance level of 0.67664.

NZD USD previous Day range was 21.6 and Current Day Range is 14.6.

AUD USD

AUDUSD

The AUD traded higher against USD and closed at 0.7121.

FOMC stands for The Federal Open Market Committee that organizes 8 meetings in a year and reviews economic and financial conditions, determines the appropriate stance of monetary policy and assesses the risks to its long-run goals of price stability and sustainable economic growth. FOMC Minutes are released by the Board of Governors of the Federal Reserve and are a clear guide to the future US interest rate policy.

According to the analysis, pair is expected to find support at 0.71092, and a fall through could take it to the next support level of 0.70973. The pair is expected to find its first resistance at 0.71425, and a rise through could take it to the next resistance level of 0.71639.

AUD USD previous day range was 33.3 and current day range is 33.1.

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