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

NZDUSD

NZD USD

The NZD traded higher against the USD and closed at 0.6736.

Factory Orders m/m show the changes in the volume of orders for durable and non-durable goods received by US companies in the given month compared to the previous one. This is a composite indicator including new industrial orders for durable and non-durable goods; orders unfilled by the end of a month; shipments (indicating the current sales); total reserves of raw materials and products by the end of the given month.

The indicator growth can have a positive effect on dollar quotes.

According to the Analysis, The pair is expected to find support at 0.66880, and a fall through could take it to the next support level of 0.66397. The pair is expected to find its first resistance at 0.67681, and a rise through could take it to the next resistance level of 0.67999.

Previous Day range was 80.1 and Current Day Range is 29.1.

AUD USD

AUDUSD

The AUD traded a bit higher against the USD and closed at 0.7117.

ISM Non-Manufacturing PMI reflects activity in the US service sector in the reporting month. The indicator is based on a survey of representatives from more than 400 companies. Unlike Markit, ISM considers not only private companies but is based on the common NAICS (North American Industrial Classification System) list.

Readings above 50 can have a positive effect on US dollar quotes.

The pair is expected to find support at 0.70326, and a fall through could take it to the next support level of 0.69477. The pair is expected to find its first resistance at 0.71631, and a rise through could take it to the next resistance level of 0.72087.

AUD USD previous Day range was 130.5 and Current Day Range is 28.5.

EUR USD

EURUSD

The EUR traded higher against USD and closed at 1.1396.

Retail Sales m/m reflect a change in the euro area retail sails in the reported month compared to the previous one. The calculation is adjusted for inflation.

The index is often called the consumer spending indicator and allows assessing inflation in the euro area.

The indicator growth can have a positive effect on the euro quotes.

According to the analysis, EUR/USD pair is expected to find support at 1.13552, and a fall through could take it to the next support level of 1.13147. The pair is expected to find its first resistance at 1.14273, and a rise through could take it to the next resistance level of 1.14589.

EUR/USD previous day range was 72.1 and current day range is 34.3.

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