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Weekly Forex Market Forecasts for July 31st – August 4th

Key Fundamental Forex Events and Forecasts for the Coming Week

 

The following table lists the key economic data and other events that are due out during the week of July 31st – August 4th, with release times displayed for the GMT time zone.

 

The list also includes the current market consensus forecast for each event and indicates what sort of deviation might affect the forex market valuation of the indicated currency positively.

 

 

Technical Forecast and Levels to Watch for the Majors This Week

Sunday, July 30th

11:45pm NZD Building Consents (last 6.9%, > good for currency)

 

Monday, July 31st       

12:50am JPY Preliminary Industrial Production (1.6% expected, > good for currency)

2:00am AUD HIA New Home Sales (last 1.1%, > good for currency)

2:00am AUD MI Inflation Gauge (last 0.1%, > good for currency)

2:00am CNY Manufacturing PMI (51.5 expected)

2:00am CNY Non-Manufacturing PMI (last 54.9)

2:00am NZD ANZ Business Confidence (last 24.8, > good for currency)

2:30am AUD Private Sector Credit (0.4% expected, > good for currency)

6:00am JPY Housing Starts (0.1% expected, > good for currency)

7:00am EUR German Retail Sales (0.1% expected, > good for currency)

9:00am EUR Italian Monthly Unemployment Rate (11.2% expected, < good for currency)

9:30am GBP Net Lending to Individuals (4.9B expected, > good for currency)

9:30am GBP M4 Money Supply (0.2% expected, < good for currency)

9:30am GBP Mortgage Approvals (65K expected, > good for currency)

10:00am EUR EZ CPI Flash Estimate (1.3% expected, > good for currency)

10:00am EUR EZ Core CPI Flash Estimate (1.1% expected, > good for currency)

10:00am EUR Italian Preliminary CPI (0.0% expected, > good for currency)

10:00am EUR EZ Unemployment Rate (9.2% expected, < good for currency)

1:30pm CAD RMPI (last -1.8%, > good for currency)

1:30pm CAD IPPI (last -0.2%, > good for currency)

2:45pm USD Chicago PMI (60.8 expected, > good for currency)

3:00pm USD Pending Home Sales (0.9% expected, > good for currency)

 

Tuesday, August 1st

12:30am AUD AIG Manufacturing Index (last 55.0, > good for currency)

1:30am JPY Final Manufacturing PMI (52.2 expected, > good for currency)

2:45am CNY Caixin Manufacturing PMI (50.5 expected)

4:45am JPY 10-year Bond Auction (average rate 0.08 with a 4.8 bid to cover ratio; < rate and > ratio = good for currency)

5:30am AUD RBA Rate Statement (hawkish = good for currency)

5:30am AUD Cash Rate (1.50% expected, > good for currency)

6:00am JPY BOJ Core CPI (0.2% expected, > good for currency)

All Day CHF Bank Holiday

7:00am GBP Nationwide HPI (-0.1% expected, > good for currency)

7:30am AUD Commodity Prices (last 25.0%, > good for currency)

8:15am EUR Spanish Manufacturing PMI (54.9 expected, > good for currency)

8:45am EUR Italian Manufacturing PMI (55.2 expected, > good for currency)

8:50am EUR French Final Manufacturing PMI (55.4 expected, > good for currency)

8:55am EUR German Final Manufacturing PMI (58.3 expected, > good for currency)

8:55am EUR German Unemployment Change (-4K expected, < good for currency)

9:00am EUR EZ Final Manufacturing PMI (56.8 expected, > good for currency)

9:30am GBP Manufacturing PMI (54.4 expected, > good for currency)

10:00am EUR EZ Preliminary Flash GDP (0.6% expected, > good for currency)

Tentative GBP             10-year Bond Auction (average rate 1.38 with a 2.3 bid to cover ratio; < rate and > ratio = good for currency)

1:30pm USD Core PCE Price Index (0.1% expected, > good for currency)

1:30pm USD Personal Spending (0.1% expected, > good for currency)

1:30pm USD Personal Income (0.4% expected, > good for currency)

2:30pm CAD Manufacturing PMI (last 54.7, > good for currency)

2:45pm USD Final Manufacturing PMI (53.2 expected, > good for currency)

3:00pm USD ISM Manufacturing PMI (56.4 expected, > good for currency)

3:00pm USD Construction Spending (0.4% expected, > good for currency)

3:00pm USD ISM Manufacturing Prices (56.5 expected, > good for currency)

All Day USD Total Vehicle Sales (16.8M expected, > good for currency)

Tentative NZD GDT Price Index (last 0.2%, > good for currency)

11:45pm NZD Employment Change (0.7% expected, > good for currency)

11:45pm NZD Unemployment Rate (4.8% expected, < good for currency)

11:45pm NZD Labor Cost Index (0.5% expected, > good for currency)

 

Wednesday, August 2nd

12:01am GBP BRC Shop Price Index (last -0.3%, > good for currency)

12:50am JPY Monetary Base (16.6% expected, > good for currency)

2:30am AUD Building Approvals (1.1% expected, > good for currency)

6:00am JPY Consumer Confidence (43.6 expected, > good for currency)

6:45am CHF SECO Consumer Climate (-3 expected, > good for currency)

8:00am EUR Spanish Unemployment Change (-66.5K expected, < good for currency)

8:15am CHF Retail Sales (1.3% expected, > good for currency)

8:30am CHF Manufacturing PMI (58.9 expected, > good for currency)

9:30am GBP Construction PMI (54.2 expected, > good for currency)

10:00am EUR EZ PPI (-0.1% expected, > good for currency)

Tentative EUR German 10-year Bond Auction (average rate 0.59 with a 1.4 bid to cover ratio; < rate and > ratio = good for currency)

1:15pm USD ADP Non-Farm Payrolls (187K expected, > good for currency)

3:30pm USD Crude Oil Inventories (last -7.2M, > good for currency)

 

Thursday, August 3rd

12:30am AUD AIG Services Index (last 54.8, > good for currency)

2:00am NZD ANZ Commodity Prices (last 2.1%, > good for currency)

2:30am AUD Trade Balance (1.77B expected, > good for currency)

2:45am CNY Caixin Services PMI (51.9 expected)

8:15am EUR Spanish Services PMI (58.6 expected, > good for currency)

8:45am EUR Italian Services PMI (54.1 expected, > good for currency)

8:50am EUR French Final Services PMI (55.9 expected, > good for currency)

8:55am EUR German Final Services PMI (53.5 expected, > good for currency)

9:00am EUR ECB Economic Bulletin (hawkish = good for currency)

9:00am EUR EZ Final Services PMI (55.4 expected, > good for currency)

9:30am GBP Services PMI (53.7 expected, > good for currency)

10:00am EUR EZ Retail Sales (0.1% expected, > good for currency)

Tentative EUR Spanish 10-year Bond Auction (average rate 1.65 with a 1.2 bid to cover ratio; < rate and > ratio = good for currency)

Tentative EUR French 10-year Bond Auction (average rate 0.82 with a 2.0 bid to cover ratio; < rate and > ratio = good for currency)

12:00pm GBP BOE Inflation Report (hawkish = good for currency)

12:00pm GBP MPC Official Bank Rate Votes (3-0-5 expected, > good for currency)

12:00pm GBP Monetary Policy Summary (hawkish = good for currency)

12:00pm GBP Official Bank Rate (0.25% expected, > good for currency)

12:00pm GBP Asset Purchase Facility (435B expected, < good for currency)

12:00pm GBP MPC Asset Purchase Facility Votes (0-0-8 expected, > good for currency)

12:30pm GBP BOE Governor Carney speaks (hawkish = good for currency)

12:30pm USD Challenger Job Cuts (last -19.3%, < good for currency)

1:30pm USD Weekly Initial Jobless Claims (242K expected, < good for currency)

2:45pm USD Final Services PMI (54.2 expected, > good for currency)

3:00pm USD ISM Non-Manufacturing PMI (56.9 expected, > good for currency)

3:00pm USD Factory Orders (2.7% expected, > good for currency)

3:30pm USD Natural Gas Storage (last 17B, > good for currency)

 

Friday, August 4th

1:00am JPY Average Cash Earnings (0.6% expected, > good for currency)

2:30am AUD RBA Monetary Policy Statement

2:30am AUD Retail Sales (0.2% expected, > good for currency)

7:00am EUR German Factory Orders (0.6% expected, > good for currency)

9:00am EUR Italian Retail Sales (0.2% expected, > good for currency)

9:10am EUR EZ Retail PMI (last 53.2, > good for currency)

1:30pm CAD Employment Change (14.6K expected, > good for currency)

1:30pm CAD Trade Balance (-1.4B expected, > good for currency)

1:30pm CAD Unemployment Rate (6.5% expected, < good for currency)

1:30pm USD Average Hourly Earnings (0.3% expected, > good for currency)

1:30pm USD Non-Farm Payrolls (183K expected, > good for currency)

1:30pm USD Unemployment Rate (4.3% expected, < good for currency)

1:30pm USD Trade Balance (-45.6B expected, > good for currency)

3:00pm CAD Ivey PMI (59.2 expected, > good for currency)

Technical Forecast and Levels to Watch for the Majors This Week

 

EURUSD: Higher

Resistance:

Initial: 1.1753, 1.1775, 1.1866/77, 1.1900/01, 1.1938, 1.1975, 1.2041, 1.2133, 1.2143, 1.2162/64, 1.2219, 1.2241/55, 1.2270/72, 1.2323/33, 1.2357/62, 1.2381/94, 1.2407/39, 1.2455, 1.2494/96, 1.2500/01, 1.2514/19, 1.2531, 1.2545, 1.2569/70, 1.2588/89, 1.2605, 1.2613, 1.2623/25, 1.2661/63, 1.2676, 1.2692/98, 1.2715, 1.2744/54, 1.2791/1.2805, 1.2815/21, 1.2834/79, 1.2900/04, 1.2919/21 and 1.2978/98.

Above: 1.3000/03, 1.3047, 1.3059/66, 1.3077, 1.3093/1.3109, 1.3126/30, 1.3152/65, 1.3172/77, 1.3187/1.3206, 1.3220/42, 1.3294/99, 1.3305/08, 1.3318/24, 1.3332/35, 1.3344/53, 1.3366, 1.3376/89, 1.3398/1.3416, 1.3432/44, 1.3451, 1.3473/82, 1.3489/1.3524, 1.3538, 1.3546/88, 1.3597, 1.3602/15, 1.3621/31, 1.3639/50, 1.3663/76, 1.3682/86, 1.3685/1.3710, 1.3714/16, 1.3731/39, 1.3748, 1.3758/74, 1.3784/98, 1.3807, 1.3810/20, 1.3824, 1.3832/36, 1.3845/54, 1.3864, 1.3875/78, 1.3888/92, 1.3905/14, 1.3937, 1.3947, 1.3966/69, 1.3993/1.4000, 1.4246, 1.4500/17, 1.4695 and 1.4939.

Support:                                 

Initial: 1.1713, 1.1642, 1.1615, 1.1582, 1.1533, 1.1494/98, 1.1483/88, 1.1415/64, 1.1373/97, 1.1354/69, 1.1322/48, 1.1311/18, 1.1294/1.1303, 1.1244/84, 1.1233/36, 1.1207/21, 1.1186/1.1204, 1.1164/81, 1.1111/59, 1.1103/08, 1.1091/97, 1.1083, 1.1066/72, 1.1038/60, 1.1015/28, 1.1001/10, 1.0991/98, 1.0983/86, 1.0946/70, 1.0904/17, 1.0896, 1.0882/86, 1.0872/73, 1.0866, 1.0847/58, 1.0818/38, 1.0804/11, 1.0759/95, 1.0736, 1.0717/18, 1.0707/08, 1.0676/89, 1.0669, 1.0650/57, 1.0629/40, 1.0616/22, 1.0603/06, 1.0588/98, 1.0578, 1.0565/68, 1.0551, 1.0517/24, 1.0504, 1.0492/99, 1.0461, 1.0371, 1.3065, 1.0351, 1.0339, 1.0206 and 1.0104.

Below: 0.9607/21, 0.9599, 0.9451, 0.9338, 0.8840, 0.8822/28, 0.8594 and 0.8562.

 

USDJPY: Mildly Lower

Resistance:

Initial: 110.39/47, 110.58/66, 110.80/86, 110.94/111.03, 111.35/44, 111.57/71, 111.76/88, 111.90/91, 112.01/11, 112.15/25, 112.30, 112.40/46, 112.51/61, 112.86, 112.91/98, 113.03/04, 113.12, 113.38, 113.49/56, 113.76/79, 113.89, 113.98, 114.12/19, 114.35, 114.47/48, 114.55/65, 114.73/95, 115.06, 115.18, 115.37, 115.49, 115.56/61, 115.85, 115.92, 116.03/14, 116.28, 116.50/54, 116.82/117.02, 117.23, 117.43, 117.52, 117.65/80, 117.93/99, 118.04/05, 118.23/45, 118.60/67, 118.85/97, 119.01/06, 119.21/28, 119.37/46, 119.61/65, 119.80 and 119.95.

Above: 120.00/10, 120.17/27, 120.34/47, 120.56, 120.62/65, 120.73/82, 121.02, 121.19/23, 121.27/38, 121.48/49, 121.62/68, 121.80/84, 121.96, 122.01, 122.22/30, 122.44, 122.60/68, 122.87, 123.12, 123.25, 123.42/49, 123.71/78, 123.95, 124.05, 124.11/14, 124.22, 124.35/38, 124.43/46, 125.06, 125.27, 125.40, 125.67/75, 126.17, 126.41, 126.90 and 135.19.

Support:

Initial: 110.22/27, 110.08/09, 109.89/90, 109.72, 109.53/54, 109.41/45, 109.10, 108.98, 108.71/81, 108.54, 108.42/46, 108.12/24, 108.00, 107.83/89, 107.62/66, 107.48, 107.38/39, 107.18, 107.05, 106.94, 106.72/82, 106.54, 106.31/36, 106.15/25, 105.70, 105.52/59, 105.41/43, 105.30/33, 105.18, 105.05, 104.83/91, 104.63/68, 104.47, 104.31/36, 104.07/26, 103.91/98, 103.82, 103.73/75, 103.54/58, 103.37/43, 103.30, 103.16, 102.92/103.08, 102.49/85, 102.33/40, 102.24/26, 102.13/14, 101.90/102.04, 101.60/83, 101.50/56, 101.41/45, 101.30/32, 101.08/27, 100.82/92, 100.75, 100.60/67, 100.38/48, 100.19/22, 99.93/100.09, 99.64/66, 99.53, 99.40, 99.25, 99.13/14, 98.84/99.00, 98.63/72, 98.48/53, 98.28, 98.20, 98.08, 97.75/83, 97.49/63, 96.90/97.05, 96.81, 96.65/70, 96.55/56 and 96.05.

Below: 95.79/80, 95.44, 94.90/95.07, 94.87, 94.55, 94.19, 94.05, 93.76, 93.78 93.68, 93.50, 93.17, 92.77/95, 92.14/30, 91.19, 90.85, 90.20/32, 89.40/66, 88.05, 87.95/99 and 87.79.

 

GBPUSD: Higher

Resistance:

Initial: 1.3137, 1.3158, 1.3204, 1.3227, 1.3238, 1.3272/89, 1.3300, 1.3314, 1.3339/46, 1.3352, 1.3371, 1.3415, 1.3444, 1.3477/80, 1.3501, 1.3532, 1.3561, 1.3653, 1.3683, 1.3835/40, 1.3853, 1.3877, 1.4000/11, 1.4041, 1.4052/56, 1.4079, 1.4089, 1.4108, 1.4130, 1.4148, 1.4170/79, 1.4232/34, 1.4247/51, 1.4298, 1.4321/25, 1.4331, 1.4345/51, 1.4361, 1.4374, 1.4385, 1.4396, 1.4406/18, 1.4432/44, 1.4451/72, 1.4513, 1.4529/34, 1.4546, 1.4581, 1.4603, 1.4615, 1.4634/37, 1.4659/69, 1.4692/98, 1.4725/38, 1.4768, 1.4785, 1.4812, 1.4830, 1.4856, 1.4868, 1.4872, 1.4884, 1.4913, 1.4927, 1.4943/50, 1.4966/67, 1.4985/88, 1.5007, 1.5013/17, 1.5026/33, 1.5053/56, 1.5072/77, 1.5081, 1.5092, 1.5101/06, 1.5123, 1.5130/36, 1.5152/64, 1.5173/80, 1.5185/87, 1.5195/99, 1.5208/23, 1.5236/41, 1.5260/68, 1.5276, 1.5293, 1.5304/05, 1.5313/51, 1.5382/84, 1.5392, 1.5403/40, 1.5457/58, 1.5467, 1.5476/85, 1.5496/99, 1.5505/08, 1.5514/20, 1.5529/33, 1.5538/51, 1.5561/68, 1.5584/96, 1.5601/19, 1.5624/27, 1.5646, 1.5656/58, 1.5669/74, 1.5683/92, 1.5714/17, 1.5725, 1.5750, 1.5763, 1.5775/89, 1.5803/07, 1.5817, 1.5825, 1.5844, 1.5853, 1.5874/77, 1.5886/93, 1.5900/27, 1.5948/61, 1.5975/94, 1.6001/08, 1.6051/66, 1.6071/83, 1.6096/98, 1.6109/21, 1.6130/36, 1.6155, 1.6161, 1.6177/83, 1.6195/98, 1.6204/16, 1.6222/26, 1.6237/46, 1.6251/62, 1.6280/90, 1.6298/1.6309, 1.6336, 1.6348, 1.6357, 1.6376, 1.6380/83, 1.6394, 1.6400, 1.6415/18, 1.6441/44, 1.6458/65, 1.6484, and 1.6496.

Above: 1.6516, 1.6524, 1.6534, 1.6548, 1.6576/86, 1.6592, 1.6611/17, 1.6624, 1.6640/56, 1.6665/67, 1.6683, 1.6692/98, 1.6716/24, 1.6730/37, 1.6745, 1.6755, 1.6765/68, 1.6777, 1.6785, 1.6800/02, 1.6812, 1.6819/22, 1.6831/44, 1.6874/87, 1.6902/09, 1.6919/20, 1.6951, 1.6960, 1.6995, 1.7000, 1.7010, 1.7035, 1.7042/51, 1.7058/62, 1.7084, 1.7094/99, 1.7107, 1.7130, 1.7167, 1.7176/78, 1.7190 and 1.7440.

Support:

Initial: 1.3112/24, 1.3104, 1.3093, 1.3078/79, 1.3056/63, 1.3041/46, 1.3033, 1.3012/29, 1.2991/96, 1.2976/86, 1.2955/64, 1.2944/45, 1.2925/31, 1.2914/19, 1.2901/02, 1.2892, 1.2863/79, 1.2843/49, 1.2829, 1.2810/16, 1.2805, 1.2794, 1.2774, 1.2754, 1.2727/36, 1.2705, 1.2689, 1.2672/73, 1.2634, 1.2614, 1.2581/88, 1.2568/73, 1.2547/56, 1.2522/30, 1.2504/15, 1.2476, 1.2451, 1.2431/39, 1.2411/18, 1.2403, 1.2382/87, 1.2374/75, 1.2364, 1.2351, 1.2332, 1.2317/24, 1.2299/1.2301, 1.2271, 1.2260, 1.2249/52, 1.2226/28, 1.2213, 1.2199/1.2200, 1.2170, 1.2131/35, 1.2107/13, 1.2081/88, 1.1991, 1.1954 and 1.1844.

Below: 1.0520.

 

AUDUSD: Higher

Resistance:

Initial: 0.7986/88, 0.8008, 0.8020, 0.8024/34, 0.8051, 0.8064/87, 0.8106, 0.8121, 0.8138, 0.8156, 0.8172, 0.8203/14, 0.8223, 0.8233, 0.8294, 0.8307, 0.8375, 0.8416, 0.8473/84, 0.8512, 0.8541, 0.8578, 0.8590, 0.8641, 0.8651/62, 0.8693, 0.8702, 0.8729, 0.8747/54, 0.8760/73, 0.8784, 0.8812, 0.8819/25, 0.8842/52, 0.8857/61, 0.8869, 0.8887/97, 0.8906/12, 0.8918/20, 0.8923/36, 0.8951/57, 0.8967/69, 0.8981/87, 0.8994/0.9010, 0.9035, 0.9041, 0.9042/48, 0.9054/57, 0.9061/66, 0.9072/79, 0.9102, 0.9110/19, 0.9127/37, 0.9147, 0.9162/67, 0.9179/89, 0.9200/08, 0.9214/26, 0.9232/74, 0.9286/94, 0.9304, 0.9311, 0.9328/34, 0.9343/53, 0.9359, 0.9386/0.9410, 0.9420/24, 0.9428/33, 0.9440/47, 0.9455/57, 0.9469 and 0.9483/86.

Above: 0.9500, 0.9524/27, 0.9536/42, 0.9571, 0.9585, 0.9592, 0.9620, 0.9640, 0.9664, 0.9676, 0.9689/96, 0.9710, 0.9732, 0.9757, 0.9791/94, 0.9841/96, 0.9900, 0.9925/83, 1.0000/18, 1.0052, 1.0099/1.0100, 1.0114/17, 1.0148/51, 1.0165/77 and 1.0181/82.

Support:

Initial: 0.7950, 0.7919, 0.7912, 0.7834/88, 0.7825, 0.7817, 0.7791/92, 0.7772/84, 0.7748/64, 0.7731/40, 0.7718/25, 0.7678/0.7711, 0.7653/63, 0.7642/48, 0.7622/36, 0.7614/18, 0.7602/09, 0.7580/98, 0.7570/72, 0.7565, 0.7544/59, 0.7532/39, 0.7518/25, 0.7497/0.7516, 0.7486/92, 0.7468/76, 0.7452, 0.7439/46, 0.7413/20, 0.7405/07, 0.7393, 0.7362/87, 0.7356, 0.7337/43, 0.7310/27, 0.7295/0.7303, 0.7278/84, 0.7265/71, 0.7241/58, 0.7234, 0.7219/26, 0.7214/15, 0.7203/07, 0.7197, 0.7181/85, 0.7172/75, 0.7152/62, 0.7140/48, 0.7108, 0.7098, 0.7083, 0.7062/69, 0.7047, 0.7030/34, 0.7021/24, 0.7001/02, 0.6945, 0.6936/37, 0.6918, 0.6907, 0.6852, 0.6826, 0.6773, 0.6753, 0.6697, 0.6670 and 0.6555.

Below: 0.6339/41, 0.6317, 0.5804, 0.5795, 0.5730, 0.5645, 0.5490, 0.5399, 0.5228, 0.4815 and 0.4773.

 

USDCAD: Lower

Resistance:

Initial: 1.2497, 1.2537, 1.2563, 1.2575/92, 1.2609, 1.2613, 1.2615, 1.2625, 1.2631, 1.2654/62, 1.2677, 1.2693/96, 1.2716, 1.2742, 1.2757/62, 1.2770/78, 1.2797/98, 1.2821/22, 1.2830/36, 1.2856/58, 1.2860/64, 1.2875, 1.2884, 1.2900/14, 1.2922, 1.2935/44, 1.2950/57, 1.2964/89, 1.2994/1.3014, 1.3018/28, 1.3037/39, 1.3047/54, 1.3062/73, 1.3080/89, 1.3097/99, 1.3101, 1.3115/19, 1.3125/39, 1.3143/47, 1.3161/68, 1.3174/90, 1.3194/99, 1.3207/22, 1.3233/35, 1.3241/53, 1.3260/64, 1.3270/83, 1.3295, 1.3305/16, 1.3323/25, 1.3346/57, 1.3367/77, 1.3385/1.3408, 1.3409/16, 1.3425/29, 1.3432/36, 1.3449/72, 1.3496, 1.3504, 1.3524, 1.3533/46, 1.3556/70, 1.3586/88, 1.3597/1.3606, 1.3638/46, 1.3652/68, 1.3672, 1.3687/96, 1.3751/56, 1.3768, 1.3780, 1.3792, 1.3813/14, 1.3845, 1.3858, 1.3872, 1.3910, 1.3939/46 and 1.3992/1.4015.

Above: 1.4035, 1.4101, 1.4113, 1.4195, 1.4277, 1.4324, 1.4430, 1.4605/24, 1.4689/93, 1.4894, 1.5024, 1.5065, 1.5150, 1.5182, 1.5322, 1.5632, 1.5830, 1.5855, 1.6054 and 1.6196.

Support:

Initial: 1.2471, 1.2456/61, 1.2448/58, 1.2436, 1.2421, 1.2406/12, 1.2386, 1.2378, 1.2361/66, 1.2351, 1.2333, 1.2287, 1.2244, 1.2126, 1.2091, 1.2045, 1.2030, 1.2016, 1.1976, 1.1933, 1.1886, 1.1872/75, 1.1841, 1.1802, 1.1794/96, 1.1723/29, 1.1670/72, 1.1666, 1.1547/90, 1.1475, 1.1457/65, 1.1443/47, 1.1391/92, 1.1384, 1.1331/39, 1.1310/12, 1.1289/95, 1.1263/77, 1.1254, 1.1221/29, 1.1190/94, 1.1168/73, 1.1158, 1.1152, 1.1141, 1.1116/32, 1.1102/09, 1.1097/99, 1.1081/89, 1.1069/70, 1.1030/53, 1.0982/1.1001, 1.0962/66, 1.0954/59, 1.0941/45, 1.0934, 1.0925/28, 1.0915, 1.0903/09, 1.0894, 1.0873/86, 0852/59, 1.0849, 1.0839/40, 1.0820/27, 1.0813, 1.0793/96, 1.0742/85, 1.0736, 1.0726, 1.0717, 1.0702/09, 1.0693, 1.0668/79, 1.0646/60, 1.0619/29, 1.0608,1.0580/87, 1.0567/71, 1.0558/59, 1.0546, 1.0519/22 and 1.0506.

Below: 1.0496/1.0502, 1.0471/87, 1.0459, 1.0441/44, 1.0414/18, 1.0401/04, 1.0390/92, 1.0379, 1.0355/68, 1.0333, 1.0324, 1.0309/12, 1.0283/1.0305, 1.0270/76, 1.0262, 1.0244/55, 1.0233/35, 1.0199/1.0226, 1.0172/82, 1.0165, 1.0151/56, 1.0148, 1.0128/42, 1.0103/05, 1.0081/99, 1.0050/56, 1.0029/34, 1.0018, 1.0012, 0.9993/98, 0.9984, 0.9969, 0.9945/60, 0.9931, 0.9922, 0.9902/07, 0.9899, 0.9858, 0.9814/26, 0.9724/99, 0.9686, 0.9645, 0.9631, 0.9525, 0.9445 and 0.9405.

 

NZDUSD: Higher

Resistance:

Initial: 0.7528/57, 0.7585/95, 0.7609, 0.7605/59, 0.7679/97, 0.7705/35, 0.7751/58, 0.7760/64, 0.7763, 0.7779/83, 0.7791/95, 0.7804/08, 0.7819/29, 0.7838/48, 0.7856/57, 0.7863/78, 0.7888, 0.7903/06, 0.7925/37, 0.7967, 0.7989/0.8013, 0.8030, 0.8040, 0.8049/60, 0.8075/82, 0.8100/09, 0.8114/37, 0.8147/53, 0.8160/76, 0.8186, 0.8195/97, 0.8204/14, 0.8221/41, 0.8250/55, 0.8263, 0.8268/71, 0.8280, 0.8285/87, 0.8291/95, 0.8302/16, 0.8322/66, 0.8376, 0.8389, 0.8406, 0.8413, 0.8421/61, 0.8472/79, 0.8487/89 and 0.8499.

Above: 0.8504/18, 0.8523/37, 0.8542/53, 0.8560/61, 0.8571/78, 0.8584/90, 0.8602/05, 0.8633/41, 0.8647/53, 0.8660/67, 0.8671/74, 0.8693/0.8700, 0.8712/18, 0.8734, 0.8744, 0.8764/77, 0.8789, 0.8792, 0.8821, 0.8834 and 0.8840.

Support:

Initial: 0.7483/0.7500, 0.7467, 0.7455/59, 0.7440/47, 0.7433, 0.7419/20, 0.7400/04, 0.7394, 0.7375/78, 0.7367/68, 0.7357/62, 0.7328/49, 0.7310/22, 0.7304/09, 0.7295/97, 0.7273/76, 0.7265, 0.7251/54, 0.7195/0.7245, 0.7162/85, 0.7133/47, 0.7128, 0.7102/16, 0.7085/91, 0.7075/79, 0.7065/69, 0.7034/59, 0.7014/21, 0.6991/96, 0.6974/84, 0.6944/70, 0.6934, 0.6917/26, 0.6890/95, 0.6880/89, 0.6872/79, 0.6857/63, 0.6828/47, 0.6804/21, 0.6790, 0.6784, 0.6771/73, 0.6750/60, 0.6734/38, 0.6720/24, 0.6706/13, 0.6693/96, 0.6666/85, 0.6639/41, 0.6616/20, 0.6584/0.6609, 0.6585, 0.6571/73, 0.6556/63, 0.6538/43, 0.6529, 0.6519 and 0.6504/07.

Below: 0.6491/97, 0.6466, 0.6447/55, 0.6435, 0.6423/27, 0.6415, 0.6400/07, 0.6396, 0.6379/88, 0.6345, 0.6287, 0.6269, 0.6254, 0.6248, 0.6242, 0.6234, 0.6022, 0.5991, 0.5926, 0.5914, 0.5682, 0.5673, 0.5608, 0.5637/41, 0.5480 and 0.5324.

 

Risk Statement: Trading Foreign Exchange on margin carries a high level of risk and may not be suitable for all investors. The possibility exists that you could lose more than your initial deposit. The high degree of leverage can work against you as well as for you.


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