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Weekly Forex Market Forecasts for May 29th – June 2nd

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 May 29th – June 2nd, 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.

Read more forex market news

Technical Forecast and Levels to Watch for the Majors This Week

Monday, May 29th

All Day CNY Bank Holiday

All Day GBP Bank Holiday

9:00am EUR EZ M3 Money Supply (5.2% expected, < good for currency)

9:00am EUR Private Loans (2.5% expected, > good for currency)

All Day USD Bank Holiday

2:00pm EUR ECB President Draghi speaks (hawkish = good for currency)

11:45pm NZD Building Consents (last -1.8%, > good for currency)

 

Tuesday, May 30th

12:30am JPY Household Spending (-0.7% expected, > good for currency)

12:30am JPY Unemployment Rate (2.8% expected, < good for currency)

12:50am JPY Retail Sales (2.2% expected, > good for currency)

All Day CNY Bank Holiday

2:30am AUD Building Approvals (3.2% expected, > good for currency)

6:00am JPY BOJ Core CPI (last -0.1%, > good for currency)

7:00am EUR German Import Prices (0.2% expected, > good for currency)

All Day EUR German Preliminary CPI (-0.1% expected, > good for currency)

7:45am EUR French Consumer Spending (0.8% expected, > good for currency)

7:45am EUR French Preliminary GDP (0.3% expected, > good for currency)

8:00am CHF KOF Economic Barometer (106.2 expected, > good for currency)

8:00am EUR Spanish Flash CPI (2.1% expected, > good for currency)

Tentative EUR Italian 10-year Bond Auction (last average rate 2.29 with a 1.3 bid to cover ratio; < rate and > ratio = good for currency)

1:30pm CAD Current Account (-11.4B expected, > good for currency)

1:30pm CAD RMPI (last -1.6%, > good for currency)

1:30pm CAD IPPI (last 0.8%, > good for currency)

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

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

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

2:00pm USD S&P/CS Composite-20 HPI (5.6% expected, > good for currency)

3:00pm USD CB Consumer Confidence (120.1 expected, > good for currency)

10:00pm NZD RBNZ Financial Stability Report (hawkish = good for currency)

 

Wednesday, May 31st

12:01am GBP BRC Shop Price Index (last -0.5%, > good for currency)

12:01am GBP GfK Consumer Confidence (-8 expected, > good for currency)

12:50am JPY Preliminary Industrial Production (4.2% expected, > good for currency)

2:00am CNY Manufacturing PMI (51.0 expected)

2:00am CNY Non-Manufacturing PMI (last 54.0)

2:00am NZD ANZ Business Confidence (last 11.0, > good for currency)

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

6:00am JPY Housing Starts (-1.4% expected, > good for currency)

7:00am CHF UBS Consumption Indicator (last 1.50, > good for currency)

7:00am EUR German Retail Sales (0.4% expected, > good for currency)

7:45am EUR French Preliminary CPI (0.2% expected, > good for currency)

8:55am EUR German Unemployment Change (-14K expected, < good for currency)

9:00am CHF Credit Suisse Economic Expectations (last 22.2, > good for currency)

9:00am EUR Italian Monthly Unemployment Rate (11.6% expected, < good for currency)

9:30am GBP Net Lending to Individuals (4.5B expected, > good for currency)

9:30am GBP M4 Money Supply (0.4% expected, < good for currency)

9:30am GBP Mortgage Approvals (66K expected, > good for currency)

10:00am EUR EZ CPI Flash Estimate (1.5% expected, > good for currency)

10:00am EUR EZ Core CPI Flash Estimate (1.0% expected, > good for currency)

10:00am EUR Italian Preliminary CPI (-0.2% expected, > good for currency)

10:00am EUR EZ Unemployment Rate (9.4% expected, < good for currency)

1:00pm USD FOMC Member Kaplan speaks (hawkish = good for currency)

1:30pm CAD GDP (0.3% expected, > good for currency)

2:45pm USD Chicago PMI (57.0 expected, > good for currency)

3:00pm USD Pending Home Sales (0.7% expected, > good for currency)

7:00pm USD Beige Book (hawkish = good for currency)

11:45pm NZD Overseas Trade Index (4.0% expected, > good for currency)

 

Thursday, June 1st

12:30am AUD AIG Manufacturing Index (last 59.2, > good for currency)

12:50am JPY Capital Spending (3.9% expected, > good for currency)

1:30am JPY Final Manufacturing PMI (52.0 expected, > good for currency)

2:30am AUD Private Capital Expenditure (0.6% expected, > good for currency)

2:30am AUD Retail Sales (0.3% expected, > good for currency)

2:45am CNY Caixin Manufacturing PMI (50.2 expected)

4:45am JPY 10-year Bond Auction (last average rate 0.03 with a 3.8 bid to cover ratio; < rate and > ratio = good for currency)

6:45am CHF GDP (0.5% expected, > good for currency)

7:00am GBP Nationwide HPI (0.2% expected, > good for currency)

7:30am AUD Commodity Prices (last 38.6%, > good for currency)

8:15am CHF Retail Sales (2.4% expected, > good for currency)

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

8:30am CHF Manufacturing PMI (57.8 expected, > good for currency)

8:45am EUR Italian Manufacturing PMI (56.1 expected, > good for currency)

8:50am EUR French Final Manufacturing PMI (54.0 expected, > good for currency)

8:55am EUR German Final Manufacturing PMI (59.4 expected, > good for currency)

9:00am EUR EZ Final Manufacturing PMI (57.0 expected, > good for currency)

9:30am GBP Manufacturing PMI (56.5 expected, > good for currency)

Tentative EUR Spanish 10-year Bond Auction (last average rate 1.45 with a 1.6 bid to cover ratio; < rate and > ratio = good for currency)

Tentative EUR           French 10-year Bond Auction (last average rate 0.97 with a 2.0 bid to cover ratio; < rate and > ratio = good for currency)

Tentative GBP 10-year Bond Auction (last average rate 1.13 with a 2.0 bid to cover ratio; < rate and > ratio = good for currency)

12:30pm USD Challenger Job Cuts (last -42.9%, < good for currency)

1:15pm USD ADP Non-Farm Payrolls (181K expected, > good for currency)

1:30pm USD Weekly Initial Jobless Claims (239K expected, < good for currency)

1:30pm USD Revised Nonfarm Productivity (-0.6% expected, > good for currency)

1:30pm USD Revised Unit Labor Costs (3.0% expected, > good for currency)

2:30pm CAD Manufacturing PMI (last 55.9, > good for currency)

2:45pm USD Final Manufacturing PMI (52.5 expected, > good for currency)

3:00pm USD ISM Manufacturing PMI (54.7 expected, > good for currency)

3:00pm USD Construction Spending (0.5% expected, > good for currency)

3:00pm USD ISM Manufacturing Prices (67.0 expected, > good for currency)

3:30pm USD Natural Gas Storage (last 75B, > good for currency)

4:00pm USD Crude Oil Inventories (last -4.4M, > good for currency)

All Day USD Total Vehicle Sales (17.0M expected, > good for currency)

 

Friday, June 2nd

12:50am JPY Monetary Base (19.6% expected, > good for currency)

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

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

8:00am EUR Spanish Unemployment Change (-110.2K expected, < good for currency)

All Day EUR Italian Bank Holiday

9:30am GBP Construction PMI (52.7 expected, > good for currency)

10:00am EUR PPI (0.2% expected, > good for currency)

1:30pm CAD Trade Balance (0.0B expected, > good for currency)

1:30pm CAD Labor Productivity (0.2% expected, > good for currency)

1:30pm USD Average Hourly Earnings (0.2% expected, > good for currency)

1:30pm USD Non-Farm Payrolls (186K expected, > good for currency)

1:30pm USD Unemployment Rate (4.4% expected, < good for currency)

1:30pm USD Trade Balance (-45.5B expected, > good for currency)

Technical Forecast and Levels to Watch for the Majors This Week

 

EURUSD: Lower

Resistance:

Initial: 1.1164/81, 1.1186/1.1204, 1.1210/21, 1.1233/36, 1.1244/83, 1.1294/1.1303, 1.1317/18, 1.1322/48, 1.1354/66, 1.1373/97, 1.1415/64, 1.1483, 1.1494/98, 1.1533, 1.1615, 1.1642, 1.1713, 1.1753, 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: 1.1111/59, 1.1103/04, 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: Lower

Resistance:

Initial: 111.57/67, 111.76/88, 111.90/91, 112.01/11, 112.15/18, 112.30, 112.46, 112.51/61, 112.86, 112.98, 113.03/04, 113.12, 113.38, 113.49/54, 113.76/79, 113.89, 113.98, 114.12, 114.35, 114.47, 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: 111.35/44, 110.97/111.03, 110.86, 110.58/66, 110.39/47, 110.22/27, 110.08/09, 109.89/90, 109.72, 109.53/54, 109.41/45, 109.10, 108.98, 108.71, 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: Lower

Resistance:

Initial: 1.2829, 1.2843/49, 1.2863/79, 1.2901/02, 1.2914, 1.2925, 1.2944/45, 1.2955/64, 1.2986, 1.2991/96, 1.3012/20, 1.3033, 1.3041/46, 1.3056/63, 1.3078/79, 1.3093, 1.3104, 1.3119/20, 1.3137, 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: 1.2794, 1.2774, 1.2754, 1.2727/36, 1.2705, 1.2672/73, 1.2614, 1.2581, 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: Mildly Higher

Resistance:

Initial: 0.7439/46, 0.7452, 0.7468/76, 0.7486/92, 0.7497/0.7516, 0.7521/25, 0.7532/39, 0.7544/59, 0.7565, 0.7572, 0.7580/98, 0.7602/09, 0.7614/18, 0.7625/36, 0.7642/48, 0.7653/63, 0.7678/0.7710, 0.7718/25, 0.7731/40, 0.7748/64, 0.7772/84, 0.7791/92, 0.7817, 0.7825, 0.7834/88, 0.7912, 0.7919, 0.7950, 0.7988, 0.8008, 0.8020, 0.8024/34, 0.8051, 0.8066/87, 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: 0.7413/20, 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: 1.3449/72, 1.3496, 1.3504, 1.3524, 1.3533/39, 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: 1.3432/36, 1.3429, 1.3409/16, 1.3385/1.3408, 1.3367/77, 1.3352/57, 1.3323/25, 1.3305/16, 1.3295, 1.3270/83, 1.3260/64, 1.3241/53, 1.3233/35, 1.3208/22, 1.3194/99, 1.3174/90, 1.3161/68, 1.3143/47, 1.3125/39, 1.3115/19, 1.3101, 1.3097/99, 1.3080/89, 1.3062/73, 1.3047/54, 1.3037/39, 1.3018/28, 1.2994/1.3014, 1.2964/89, 1.2950/57, 1.2935, 1.2922, 1.2900/14, 1.2884, 1.2875, 1.2860/64, 1.2856, 1.2830/36, 1.2821/22, 1.2797/98, 1.2770/78, 1.2757/62, 1.2742, 1.2716, 1.2693/96, 1.2677, 1.2654/62, 1.2631, 1.2625, 1.2615, 1.2613, 1.2609, 1.2585/92, 1.2563, 1.2537, 1.2497, 1.2471, 1.2456/61, 1.2448/58, 1.2436, 1.2421, 1.2406, 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: 0.7034/59, 0.7065/69, 0.7075/79, 0.7085/91, 0.7102/16, 0.7128, 0.7133/47, 0.7162/85, 0.7195/0.7245, 0.7251/54, 0.7265, 0.7273/76, 0.7296, 0.7304/05, 0.7310/22, 0.7328/49, 0.7357/62, 0.7367/68, 0.7375/78, 0.7394, 0.7402/04, 0.7419/20, 0.7433, 0.7440/47, 0.7455/59, 0.7467, 0.7483/0.7500, 0.7528/55, 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: 0.7014/21, 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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