Technical Overview of NZD/USD, USD/JPY and USD/CHF Currency Pairs

NZDUSD

NZD USD

The NZD traded lower against the USD and closed at 0.6762.

Consumer Price Index released by the Statistics New Zealand is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services . The purchase power of NZD is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. A high reading is seen as positive (or bullish) for the NZD, while a low reading is seen as negative.

According to the Analysis, The pair is expected to find support at 0.67471, and a fall through could take it to the next support level of 0.67326. The pair is expected to find its first resistance at 0.67794, and a rise through could take it to the next resistance level of 0.67972.

Previous Day range was 32.3 and Current Day Range is 27.5.

USD JPY

USDJPY

The USD traded lower against the JPY and closed at 112.033.

Eric Rosengren has been President and CEO of the Federal Reserve Bank of Boston since July 2007. Previously he headed the Bank’s supervision, regulation, and credit group, and was active in domestic and international regulatory policy.

Tertiary Industry Index released by the Ministry of Economy, Trade and Industry indicates the domestic service sector in Japan such as information and communication, electricity, gas heat and water, services, transport, wholesale and retail trade, finance and insurance ,and welfare. As the Japanese economy relies upon its exports, this event is expected to generate low volatility for the JPY. Generally, a high reading is positive (or bullish) for the JPY, while a low reading is negative (or bearish).

The pair is expected to find support at 111.918, and a fall through could take it to the next support level of 111.803. The pair is expected to find its first resistance at 112.120, and a rise through could take it to the next resistance level of 112.207.

USD JPY previous Day range was 2020 and Current Day Range is 1520.

USD CHF

USDCHF

The USD traded lower against CHF and closed at 1.0039.

According to the analysis, pair is expected to find support at 1.00169, and a fall through could take it to the next support level of 0.99944. The pair is expected to find its first resistance at 1.00539, and a rise through could take it to the next resistance level of 1.00684.

USD CHF previous day range was 37 and current day range is 14.3.

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