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Weekly Forex Market Forecasts for September 4th – September 8th

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 September 4th – September 8th, 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 news and forecasts

Technical Forecast and Levels to Watch for the Majors This Week

 

Monday, September 4th       

12:50am JPY Monetary Base (15.6% expected, > good for currency)

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

2:30am AUD Company Operating Profits (-3.9% expected, > good for currency)

2:30am AUD ANZ Job Advertisements (last 1.5%, > good for currency)

8:00am EUR Spanish Unemployment Change (16.3K expected, < good for currency)

9:30am EUR EZ Sentix Investor Confidence (27.4 expected, > good for currency)

9:30am GBP Construction PMI (52.1 expected, > good for currency)

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

All Day CAD Bank Holiday

All Day USD Bank Holiday

 

Tuesday, September 5th

12:01am GBP BRC Retail Sales Monitor (last 0.9%, > good for currency)

12:30am AUD AIG Services Index (last 56.4, > good for currency)

2:00am NZD ANZ Commodity Prices (last -0.8%, > good for currency)

2:30am AUD Current Account (-7.4B expected, > good for currency)

2:45am CNY Caixin Services PMI (51.8 expected)

5th-8th CNY Foreign Direct Investment (last -0.1%)

4:45am JPY 10-year Bond Auction (last average rate 0.07 with a 4.2 bid to cover ratio; < rate and > ratio = good for currency)

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

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

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

8:15am CHF CPI (0.0% expected, > good for currency)

8:15am EUR Spanish Services PMI (57.1 expected, > good for currency)

8:45am EUR Italian Services PMI (55.3 expected, > good for currency)

8:50am EUR French Final Services PMI (55.5 expected, > good for currency)

8:55am EUR German Final Services PMI (53.4 expected, > good for currency)

9:00am EUR EZ Final Services PMI (54.9 expected, > good for currency)

9:30am GBP Services PMI (53.6 expected, > good for currency)

10:00am EUR EZ Retail Sales (-0.2% expected, > good for currency)

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

10:10am AUD RBA Governor Lowe speaks (hawkish = good for currency)

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

3:00pm USD Factory Orders (-3.1% expected, > good for currency)

3:00pm USD IBD/TIPP Economic Optimism (53.1 expected, > good for currency)

Tentative NZD GDT Price Index (last -0.4%, > good for currency)

6:10pm USD FOMC Member Kashkari speaks (hawkish = good for currency)

11:05pm USD FOMC Member Kaplan speaks (hawkish = good for currency)

 

Wednesday, September 6th

1:00am JPY Average Cash Earnings (0.5% expected, > good for currency)

2:30am AUD GDP (0.8% expected, > good for currency)

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

9:00am EUR Italian Retail Sales (0.4% expected, > good for currency)

9:10am EUR EZ Retail PMI (last 51.0, > good for currency)

1:30pm CAD Trade Balance (-3.8B expected, > good for currency)

1:30pm CAD Labor Productivity (0.9% expected, > good for currency)

1:30pm USD Trade Balance (-44.6B expected, > good for currency)

2:45pm USD Final Services PMI (56.8 expected, > good for currency)

3:00pm CAD BOC Rate Statement (hawkish = good for currency)

3:00pm CAD BOC Overnight Rate Decision (unchanged at 0.75% expected, > good for currency)

3:00pm USD ISM Non-Manufacturing PMI (55.5 expected, > good for currency)

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

 

Thursday, September 7th

12:30am AUD AIG Construction Index (last 60.5, > good for currency)

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

2:30am AUD Trade Balance (0.95B expected, > good for currency)

4:45am JPY 30-year Bond Auction (last average rate 0.88 with a 3.6 bid to cover ratio; < rate and > ratio = good for currency)

6:00am JPY Leading Indicators (105.2% expected, > good for currency)

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

7:45am EUR French Trade Balance (-4.5B expected, > good for currency)

8:00am CHF Foreign Currency Reserves (last 714B, > good for currency)

8:30am GBP Halifax HPI (0.2% expected, > good for currency)

Tentative EUR Spanish 10-year Bond Auction (last average rate 1.27 with a 1.9 bid to cover ratio; < rate and > ratio = good for currency)

Tentative EUR French 10-year Bond Auction (last average rate 0.75 with a 2.1 bid to cover ratio; < rate and > ratio = good for currency)

12:45pm EUR ECB Minimum Bid Rate Decision (unchanged at 0.00% expected, > good for currency)

1:30pm CAD Building Permits (2.2% expected, > good for currency)

1:30pm EUR ECB Press Conference (hawkish = good for currency)

1:30pm USD Weekly Initial Jobless Claims (245K expected, < good for currency)

1:30pm USD Revised Nonfarm Productivity (1.2% expected, > good for currency)

1:30pm USD Revised Unit Labor Costs (0.5% expected, > good for currency)

3:00pm CAD Ivey PMI (61.3 expected, > good for currency)

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

4:00pm USD Crude Oil Inventories (last -5.4M, > good for currency)

11:45pm NZD Manufacturing Sales (last 2.8%, > good for currency)

 

Friday, September 8th

12:00am USD FOMC Member Dudley speaks (hawkish = good for currency)

12:50am JPY Final GDP (0.7% expected, > good for currency)

12:50am JPY Bank Lending (3.3% expected, > good for currency)

12:50am JPY Current Account (1.65T expected, > good for currency)

12:50am JPY Final GDP Price Index (-0.4% expected, > good for currency)

2:30am AUD Home Loans (1.1% expected, > good for currency)

4:00am AUD RBA Assistant Governor Debelle speaks (hawkish = good for currency)

Tentative CNY Trade Balance (last 321B)

Tentative CNY USD-Denominated Trade Balance (48.6B expected)

6:00am JPY Economy Watchers Sentiment (49.5 expected, > good for currency)

6:45am CHF Unemployment Rate (3.2% expected, < good for currency)

7:00am EUR German Trade Balance (21.5B expected, > good for currency)

7:45am EUR French Governor Budget Balance (last -62.3B, > good for currency)

7:45am EUR French Industrial Production (0.5% expected, > good for currency)

9:30am AUD RBA Governor Lowe speaks (hawkish = good for currency)

9:30am GBP Manufacturing Production (0.3% expected, > good for currency)

9:30am GBP Goods Trade Balance (-12.1B expected, > good for currency)

9:30am GBP Construction Output (-0.2% expected, > good for currency)

9:30am GBP Consumer Inflation Expectations (last 2.8%, > good for currency)

9:30am GBP Industrial Production (0.2% expected, > good for currency)

1:00pm GBP NIESR GDP Estimate (last 0.2%, > good for currency)

1:30pm CAD Employment Change (15.0K expected, > good for currency)

1:30pm CAD Unemployment Rate (6.3% expected, < good for currency)

1:30pm CAD Capacity Utilization Rate (last 83.3%, > good for currency)

1:45pm USD FOMC Member Harker speaks (hawkish = good for currency)

3:00pm USD Final Wholesale Inventories (0.4% expected, < good for currency)

8:00pm USD Consumer Credit (15.7B expected, > good for currency)

 

Saturday, September 9th

2:30am CNY CPI (1.6% expected)

2:30am CNY PPI (5.4% expected)

 

Technical Forecast and Levels to Watch for the Majors This Week

 

EURUSD: Lower

Resistance:

Initial: 1.1900/09, 1.1938, 1.1975/78, 1.2041, 1.2069, 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: 1.1866/77, 1.1846, 1.1821/27, 1.1788, 1.1775, 1.1753, 1.1727, 1.1713, 1.1687, 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 Higher

Resistance:

Initial: 109.82/92, 110.08/09, 110.22/27, 110.39/47, 110.58/66, 110.80/86, 110.93/111.04, 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: 109.72, 109.53/54, 109.41/45, 109.01/10, 108.98, 108.70/83, 108.54/59, 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: 1.2950/64, 1.2976/86, 1.2991/96, 1.3012/29, 1.3030/33, 1.3041/46, 1.3056/63, 1.3078/79, 1.3093, 1.3104, 1.3112/24, 1.3137, 1.3158, 1.3204, 1.3227, 1.3238, 1.3264, 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: 1.2944/45, 1.2925/31, 1.2914/19, 1.2901/02, 1.2892, 1.2863/79, 1.2841/51, 1.2829, 1.2810/16, 1.2805, 1.2794, 1.2772/74, 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: 0.7978/94, 0.8008, 0.8020, 0.8024/34, 0.8041, 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: 0.7961, 0.7949/53, 0.7935, 0.7919, 0.7912, 0.7834/90, 0.7825, 0.7817, 0.7806, 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: 1.2386, 1.2406/12, 1.2421, 1.2436/40, 1.2448/58, 1.2456/61, 1.2471, 1.2497, 1.2525, 1.2537, 1.2563, 1.2575/97, 1.2609, 1.2613, 1.2615, 1.2625, 1.2631, 1.2654/62, 1.2677, 1.2690/96, 1.2716, 1.2742, 1.2751/62, 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: 1.2378, 1.2361/66, 1.2351, 1.2333/39, 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: Mildly Higher

Resistance:

Initial: 0.7162/85, 0.7190/0.7245, 0.7251/57, 0.7265, 0.7273/76, 0.7295/97, 0.7304/09, 0.7310/22, 0.7328/49, 0.7357/62, 0.7366/68, 0.7375/78, 0.7389, 0.7394, 0.7400/04, 0.7419/20, 0.7433, 0.7440/47, 0.7454/59, 0.7467, 0.7483/0.7500, 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: 0.7130/47, 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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