Released data influenced the currency dynamics.
Asian and European trading sessions:
Australian Dollar: The Reserve Bank of Australia published the interest rate decision today. According to the expectations the interest rate was left unchanged at the previous level of 4.75%. The Australian dollar rate was not influenced by the rate publication. At the same time the released Trade balance was weaker than the forecasts, as a result, the national currency dropped against the greenback.
Euro: Euro and other major currencies demonstrated diverse dynamics on Tuesday. Published today economic releases had strong influence on the investors’ decisions. The EUR/USD pair dropped to the minimums of $1.4148 after the release of the Euro-zone Retail sales data, which turned out to be below expectations. The published PMI data could not render support to the euro either.
US Dollar: During the Asian and European trading sessions the greenback demonstrated strengthening against the major currencies. Expectations for the increase of the principal rate by the FRS reinforced.
British Pound: At first the pound followed the weakness of the euro and the GBP/USD traded in the range of $1.6100-$1.6140. But the released today GB PMI data was much higher than its forecast: 57.1 against the 52.6. Therefore, the GBP/USD showed a strong increase and reached the $1.6250 maximums.
Market participants are waiting for the release of the UK interest rate decision, which is planned for this week.
Japanese Yen: Yen was under pressure since the demand for the save-heaven assets decreased. The USD/JPY pair traded in the range of Y84.16 – Y84.42.
Gold: Gold reached the maximum of $1450.14 per ounce and started to decrease. Investors fixed the profits.
American trading session:
US Dollar: During the American trading session the trading dynamics changed, due to the release of the relevant fundamentals in the US and minutes of the FOMC meeting. The ISM Non-manufacturing composite index dropped below its forecasts. Expectations of the future monetary program are still very unclear. As a result, the US dollar turned out to be under pressure.
Euro: The EUR/USD pair reached the maximum of $1.4246.
British Pound: The GBP/USD almost hit the $1.6300 maximum.
https://forex-metal.com/news_posts
Technical analysis for 06/04
EURUSD
The pair is under resistance of median line. This is a strong level and the pair may takes time to break it. Also roll backs can be expected.
Resistance: 1.42996, 1.44400, 1.46222
Support: 1.41780, 1.40690, 1.39600
GBPUSD
The pair has risen to 1.63316. If this level is broken the pair will rise to 1.64274.
Resistance: 1.63316, 1.64636, 1.67165
Support: 1.62050, 1.60322, 1.58543
USDCHF
The pair is trading between 0.93069 and 0.92026.
Resistance: 0.93069, 0.93949, 0.95047
Support: 0.92026, 0.91079, 0.89635
USDJPY
The pair is aiming to Moving Average(500) at 87.479.
Resistance: 85.960, 86.861, 87.728
Support: 84.866, 83.933, 83.065
AUDUSD
The pair has returned to 1.03535.
Resistance: 1.03535, 1.04407, 1.05311
Support: 1.02705, 1.01744, 1.00907
https://forex-metal.com/news_posts
Asian and European trading sessions:
Australian Dollar: The Reserve Bank of Australia published the interest rate decision today. According to the expectations the interest rate was left unchanged at the previous level of 4.75%. The Australian dollar rate was not influenced by the rate publication. At the same time the released Trade balance was weaker than the forecasts, as a result, the national currency dropped against the greenback.
Euro: Euro and other major currencies demonstrated diverse dynamics on Tuesday. Published today economic releases had strong influence on the investors’ decisions. The EUR/USD pair dropped to the minimums of $1.4148 after the release of the Euro-zone Retail sales data, which turned out to be below expectations. The published PMI data could not render support to the euro either.
US Dollar: During the Asian and European trading sessions the greenback demonstrated strengthening against the major currencies. Expectations for the increase of the principal rate by the FRS reinforced.
British Pound: At first the pound followed the weakness of the euro and the GBP/USD traded in the range of $1.6100-$1.6140. But the released today GB PMI data was much higher than its forecast: 57.1 against the 52.6. Therefore, the GBP/USD showed a strong increase and reached the $1.6250 maximums.
Market participants are waiting for the release of the UK interest rate decision, which is planned for this week.
Japanese Yen: Yen was under pressure since the demand for the save-heaven assets decreased. The USD/JPY pair traded in the range of Y84.16 – Y84.42.
Gold: Gold reached the maximum of $1450.14 per ounce and started to decrease. Investors fixed the profits.
American trading session:
US Dollar: During the American trading session the trading dynamics changed, due to the release of the relevant fundamentals in the US and minutes of the FOMC meeting. The ISM Non-manufacturing composite index dropped below its forecasts. Expectations of the future monetary program are still very unclear. As a result, the US dollar turned out to be under pressure.
Euro: The EUR/USD pair reached the maximum of $1.4246.
British Pound: The GBP/USD almost hit the $1.6300 maximum.
https://forex-metal.com/news_posts
Technical analysis for 06/04
EURUSD
The pair is under resistance of median line. This is a strong level and the pair may takes time to break it. Also roll backs can be expected.
Resistance: 1.42996, 1.44400, 1.46222
Support: 1.41780, 1.40690, 1.39600
GBPUSD
The pair has risen to 1.63316. If this level is broken the pair will rise to 1.64274.
Resistance: 1.63316, 1.64636, 1.67165
Support: 1.62050, 1.60322, 1.58543
USDCHF
The pair is trading between 0.93069 and 0.92026.
Resistance: 0.93069, 0.93949, 0.95047
Support: 0.92026, 0.91079, 0.89635
USDJPY
The pair is aiming to Moving Average(500) at 87.479.
Resistance: 85.960, 86.861, 87.728
Support: 84.866, 83.933, 83.065
AUDUSD
The pair has returned to 1.03535.
Resistance: 1.03535, 1.04407, 1.05311
Support: 1.02705, 1.01744, 1.00907
https://forex-metal.com/news_posts