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  • in reply to: XtreamForex Company News #5441

    xtreamforex
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    in reply to: Daily Forex News By Xtreamforex.com #5381

    xtreamforex
    Participant

    Gold Prices moves around $1300 as Bulls concentrates on Geopolitics

    The news reports signaling the US-EU trade rift and likely renewed geopolitical tensions between the US and Saudi Arabia triggered risk-off.
    Buyers target 50-day SMA during further upside.

    Gold prices are taking the rounds near $1297 early on Tuesday as investors give more emphasis to the latest news reports signaling an increase in global geopolitical tension.

    According to the analysis XAUUSD.x pair is expected to find support at 1291.14 and a fall through could take it to the next support level of 1285.14. The pair is expected to find its first resistance at 1303.41, and a rise through could take it to the next resistance level of 1309.68.

    Previous Day range was 12.27 and Current Day Range is 34800.

    The yellow metal rose to a two-week high on Monday as conflict in Libya and the US President’s another hit to Iran grabbed market concentration. Headlines regarding the Libyan National Army’s March to obtain the capital Tripoli and Donald Trump declaring Iran’s revolutionary guard as a terrorist organization helped the Gold to remain strong yesterday.
    During early Tuesday, investors welcomed the development from the UK that favored an amendment rejecting no-deal Brexit.

    However, the hopefulness couldn’t last long after the Financial Times reported that the US is proposing tariffs worth $11 billion on the EU products, as well as the Airbus.
    The risk-off sentiment got supplementary support when the Trump administration announced a ban on 16 Saudi nationals from entering the U.S. due to their roles in the murder of journalist Jamal Khashoggi. Saudi Arabia is still to respond to the ban and may generate news reports during the day.

    Yields on the US 10-year note remained unchanged near 2.519%.
    Investors may now concentrate more on the qualitative catalysts like Brexit and the geopolitical plays including the US.

    in reply to: Daily Forex News By Xtreamforex.com #5306

    xtreamforex
    Participant

    Technical Overview of EUR/USD, NZD/USD and GBP/USD Currency Pairs

    EUR USD

    The EUR traded higher against the USD and closed at 1.122.

    Nonfarm Payrolls present the number of new jobs created during the given month, in all non-agricultural sectors of the U.S.

    The indicator growth can have a positive effect on dollar quotes.

    According to the Analysis, The pair is expected to find support at 1.12015, and a fall through could take it to the next support level of 1.11832. The pair is expected to find its first resistance at 1.12427, and a rise through could take it to the next resistance level of 1.12656.

    Previous Day range was 41.2 and Current Day Range is 11.6.

    NZD USD

    The NZD traded higher against the USD and closed at 0.6752.

    The Average Hourly Earnings released by the US Department of Labor is a significant indicator of labor cost inflation and of the tightness of labor markets. The Federal Reserve Board pays close attention to when setting interest rates. A high reading is also positive for the USD, while a low reading is negative.

    The pair is expected to find support at 0.67336, and a fall through could take it to the next support level of 0.67150. The pair is expected to find its first resistance at 0.67850, and a rise through could take it to the next resistance level of 0.68178.

    NZD USD previous Day range was 51.4 and Current Day Range is 15.1.

    GBP USD

    The GBP traded higher against USD and closed at 1.3071.

    According to the analysis, pair is expected to find support at 1.30236, and a fall through could take it to the next support level of 1.29759. The pair is expected to find its first resistance at 1.31539, and a rise through could take it to the next resistance level of 1.32365.

    GBP USD previous day range was 130.3 and current day range is 23.5.

    in reply to: Daily Forex News By Xtreamforex.com #5277

    xtreamforex
    Participant

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

    USD CHF

    The USD traded lower against the CHF and closed at 0.9981.

    Nonfarm Payrolls present the number of new jobs created during the given month, in all non-agricultural sectors of the U.S.

    The indicator growth can have a positive effect on dollar quotes.

    According to the Analysis, The pair is expected to find support at 0.99606, and a fall through could take it to the next support level of 0.99400. The pair is expected to find its first resistance at 0.99946, and a rise through could take it to the next resistance level of 1.00080.

    Previous Day range was 34 and Current Day Range is 16.6.

    AUD USD

    The AUD traded higher against the USD and closed at 0.7112.

    The Average Hourly Earnings released by the US Department of Labor is a significant indicator of labor cost inflation and of the tightness of labor markets. The Federal Reserve Board pays close attention to when setting interest rates. A high reading is also positive for the USD, while a low reading is negative.

    The pair is expected to find support at 0.70675, and a fall through could take it to the next support level of 0.70231. The pair is expected to find its first resistance at 0.71428, and a rise through could take it to the next resistance level of 0.71737.

    AUD USD previous Day range was 75.3 and Current Day Range is 17.8.

    USD JPY

    The USD traded lower against JPY and closed at 111.482.

    According to the analysis, pair is expected to find support at 111.271, and a fall through could take it to the next support level of 111.060. The pair is expected to find its first resistance at 111.632, and a rise through could take it to the next resistance level of 111.782.

    USD JPY previous day range was 3610 and current day range is 1630.

    in reply to: Bullseye Markets News #5214

    xtreamforex
    Participant

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    in reply to: Daily Forex News By Xtreamforex.com #5156

    xtreamforex
    Participant

    Technical Overview of EUR/USD, GBP/USD and USD/CHF Currency Pairs
    EUR USD
    The EUR traded Higher against the USD and closed at 1.122.

    The New Home Sales indicator reflects sales of newly constructed residences in the United States in the specified month. It measures new single-family home sales.

    The indicator is used for measuring the US housing market conditions. Index growth may have a positive effect on dollar quotes.

    According to the Analysis, Four hour chart shows that the pair is expected to find support at 1.12023, and a fall through could take it to the next support level of 1.11848. The pair is expected to find its first resistance at 1.12492, and a rise through could take it to the next resistance level of 1.12786.

    Previous Day range was 46.9 and Current Day Range is 16.3.

    GBP USD

    The GBP traded higher against the USD and closed at 1.304.

    United Kingdom Gross Domestic Product q/q is the key indicator of the national economy growth. The index shows changes in the market value of goods and services produced in the country in the given quarter compared to the previous quarter. The GDP is calculated using statistical information (using national economic indicators), forecast models and expert evaluations.

    GDP growth can be seen as positive for the pound sterling.

    The pair is expected to find support at 1.29794, and a fall through could take it to the next support level of 1.29186. The pair is expected to find its first resistance at 1.31551, and a rise through could take it to the next resistance level of 1.32700.

    GBP USD previous Day range was 175.7 and Current Day Range is 34.8.

    USD CHF

    The USD traded higher against CHF and closed at 0.9956.
    According to the analysis, pair is expected to find support at 0.99365, and a fall through could take it to the next support level of 0.99169. The pair is expected to find its first resistance at 0.99744, and a rise through could take it to the next resistance level of 0.99927.
    USD CHF previous day range was 37.9 and current day range is 15.7.

    in reply to: Daily Forex News By Xtreamforex.com #5119

    xtreamforex
    Participant

    Technical Overview of NZD/USD, GBP/USD and EUR/USD Currency Pairs

    NZD USD

    The NZD traded lower against the USD and closed at 0.6906.

    The RBNZ Rate Statement contains the explanations of the decision on interest rates and commentary about the economic conditions that influenced it.

    RBNZ Interest Rate Decision is announced by the Reserve Bank of New Zealand. If the RBNZ is hawkish about the inflationary outlook of the economy and rises the interest rates it is positive, or bullish, for the NZD.

    According to the Analysis, Four hour chart shows that the pair is expected to find support at 0.68921, and a fall through could take it to the next support level of 0.68781. The pair is expected to find its first resistance at 0.69222, and a rise through could take it to the next resistance level of 0.69383.

    Previous Day range was 30.1 and Current Day Range is 118.1.

    GBP USD

    The GBP traded lower against the USD and closed at 1.3201.

    The UK Parliament will decide whether the UK PM May’s Brexit Plan is valid or not. In the case the Parliament don’t approve it, chances of a hard Brexit will increase exponentially.

    The pair is expected to find support at 1.31526, and a fall through could take it to the next support level of 1.31042. The pair is expected to find its first resistance at 1.32544, and a rise through could take it to the next resistance level of 1.33078.

    GBP USD previous Day range was 101.8 and Current Day Range is 37.1.

    EUR USD

    The EUR traded lower against USD and closed at 1.1265.

    The European Central Bank’s president Mario Draghi was born in 1947 in Rome, Italy. Graduated of the Massachusetts Institute of Technology (MIT), Draghi became the president of the European Central Bank in 2011. As part of his job in the Governing Council he gives press conferences in the back of how the ECB observes the current European economy. President’s comments may determine positive or negative the Euro’s trend in the short-term. Usually, if he shows a hawkish outlook, that is seen as positive (or bullish) for the EUR, while a dovish is seen as negative (or bearish).
    According to the analysis, pair is expected to find support at 1.12439, and a fall through could take it to the next support level of 1.12224. The pair is expected to find its first resistance at 1.13062, and a rise through could take it to the next resistance level of 1.13470.

    EUR USD previous day range was 62.3 and current day range is 25.2.

    in reply to: Daily Forex News By Xtreamforex.com #5063

    xtreamforex
    Participant

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

    EUR USD

    The EUR traded lower against the USD and closed at 1.1300.

    The Ifo Business Climate Index reflects the current economic situation and forecasts for the next six months from the point of view of German companies. The indicator is compiled based on a survey of more than seven thousand companies. A higher than expected reading is seen as favorable for the euro quotes, while lower readings are seen as negative.

    The European Central Bank’s president Mario Draghi was born in 1947 in Rome, Italy. Graduated of the Massachusetts Institute of Technology (MIT), Draghi became the president of the European Central Bank in 2011. As part of his job in the Governing Council he gives press conferences in the back of how the ECB observes the current European economy. President’s comments may determine positive or negative the Euro’s trend in the short-term. Usually, if he shows a hawkish outlook, that is seen as positive (or bullish) for the EUR, while a dovish is seen as negative (or bearish).

    According to the Analysis, Four hour chart shows that the pair is expected to find support at 1.12532, and a fall through could take it to the next support level of 1.12062. The pair is expected to find its first resistance at 1.13687, and a rise through could take it to the next resistance level of 1.14372.

    Previous Day range was 31.9 and Current Day Range is 15.

    NZD USD

    The NZD traded higher against the USD and closed at 0.6877.

    RBNZ Interest Rate Decision is announced by the Reserve Bank of New Zealand. If the RBNZ is hawkish about the inflationary outlook of the economy and rises the interest rates it is positive, or bullish, for the NZD.

    The pair is expected to find support at 0.68623, and a fall through could take it to the next support level of 0.68478. The pair is expected to find its first resistance at 0.68942, and a rise through could take it to the next resistance level of 0.69116.

    NZD USD previous Day range was 31.9 and Current Day Range is 15.

    USD CHF

    The USD traded higher against CHF and closed at 0.9934.

    According to the analysis, pair is expected to find support at 0.99079, and a fall through could take it to the next support level of 0.98817. The pair is expected to find its first resistance at 0.99652, and a rise through could take it to the next resistance level of 0.99963.

    USD CHF previous day range was 57.3 and current day range is 13.1.

    in reply to: Daily Forex News By Xtreamforex.com #4867

    xtreamforex
    Participant

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

    EUR USD

    The EUR traded lower against the USD and closed at 1.1351.

    This report, released by Federal Reserve, includes the FOMC’s projection for inflation and economic growth over the next 2 years and, more importantly, a breakdown of individual FOMC member’s interest rate forecasts.

    According to the Analysis, Four hour chart shows that the pair is expected to find support at 1.13357, and a fall through could take it to the next support level of 1.13202. The pair is expected to find its first resistance at 1.13639, and a rise through could take it to the next resistance level of 1.13766.

    Previous Day range was 28.2 and Current Day Range is 13.9.

    USD CHF

    The USD traded higher against the CHF and closed at 0.9991.

    Following the Fed’s rate decision, the FOMC releases its statement regarding monetary policy. The statement may influence the volatility of USD and determine a short-term positive or negative trend. A hawkish view is considered as positive, or bullish for the USD, whereas a dovish view is considered as negative, or bearish.

    The pair is expected to find support at 0.99791, and a fall through could take it to the next support level of 0.99668. The pair is expected to find its first resistance at 1.00092, and a rise through could take it to the next resistance level of 1.00270.

    USD CHF previous Day range was 30.1 and Current Day Range is 13.8.

    NZD USD

    The NZD traded lower against USD and closed at 0.6853.

    The Gross Domestic Product released by the Statistics New Zealand is a measure of the total value of all goods and services produced by New Zealand. The GDP is considered as a broad measure of New Zealand economic activity and health. Generally speaking, a high reading is seen as positive (or bullish) for the NZD, while a falling trend is seen as negative (or bearish) for the NZD.

    According to the analysis, pair is expected to find support at 0.68389, and a fall through could take it to the next support level of 0.68245. The pair is expected to find its first resistance at 0.68694, and a rise through could take it to the next resistance level of 0.68855.

    NZD USD previous day range was 30.5 and current day range is 28.

    in reply to: Daily Forex News By Xtreamforex.com #4858

    xtreamforex
    Participant

    Technical Overview of AUD/USD, USD/JPY and GBP/USD Currency Pairs

    AUD USD

    The AUD traded higher against the USD and closed at 0.7102.

    The minutes of the Reserve Bank of Australia meetings are published two weeks after the interest rate decision. The minutes give a full account of the policy discussion, including differences of view. They also record the votes of the individual members of the Committee.

    Generally speaking, if the RBA is hawkish about the inflationary outlook for the economy, then the markets see a higher possibility of a rate increase, and that is positive for the AUD.

    According to the Analysis, Four hour chart shows that the pair is expected to find support at 0.70803, and a fall through could take it to the next support level of 0.70583. The pair is expected to find its first resistance at 0.71218, and a rise through could take it to the next resistance level of 0.71413.

    Previous Day range was 41.5 and Current Day Range is 21.6.

    USD JPY

    The USD traded lower against the JPY and closed at 111.425.

    The Bank of Japan publishes a study of economic movements in Japan after the actual meeting. These meetings are held to review economic developments inside and outside of Japan and indicate a sign of new fiscal policy. Any changes in this report tend to affect the JPY volatility.

    Generally speaking, if the BoJ minutes show a hawkish outlook, that is seen as positive (or bullish) for the JPY, while a dovish outlook is seen as negative (or bearish).

    The pair is expected to find support at 111.274, and a fall through could take it to the next support level of 111.123. The pair is expected to find its first resistance at 111.601, and a rise through could take it to the next resistance level of 111.777.

    USD JPY previous Day range was 3270 and Current Day Range is 2850.

    GBP USD

    The GBP traded higher against USD and closed at 1.3252.

    The ILO Unemployment Rate released by the National Statistics is the number of unemployed workers divided by the total civilian labor force. It is a leading indicator for the UK Economy. If the rate is up, it indicates a lack of expansion within the U.K. labor market. As a result, a rise leads to weaken the U.K. economy. Generally, a decrease of the figure is positive (or bullish) for the GBP, while an increase is negative.

    The Average Earing Excluding Bonus released by the National Statistics is a key short-term indicator of how levels of pay are changing within the UK economy. It can be seen as a measure of growth in “basic pay”. Generally speaking, the positive earnings growth anticipates positive (or bullish) for the GBP, whereas a low reading is seen as negative (or bearish).

    According to the analysis, pair is expected to find support at 1.31909, and a fall through could take it to the next support level of 1.31299. The pair is expected to find its first resistance at 1.33056, and a rise through could take it to the next resistance level of 1.33593.

    GBP USD previous day range was 114.7 and current day range is 37.3.

    in reply to: Daily Forex News By Xtreamforex.com #4846

    xtreamforex
    Participant

    Technical Overview of EUR/USD, USD/CAD and AUD/USD Currency Pairs

    EUR USD

    The EUR traded higher against the USD and closed at 1.1324.

    According to the Analysis, Four hour chart shows that the pair is expected to find support at 1.12993, and a fall through could take it to the next support level of 1.12750. The pair is expected to find its first resistance at 1.13460, and a rise through could take it to the next resistance level of 1.13684.

    Previous Day range was 46.7 and Current Day Range is 18.8.

    USD CAD

    The USD traded lower against the CAD and closed at 1.3341.

    The pair is expected to find support at 1.32963, and a fall through could take it to the next support level of 1.32517. The pair is expected to find its first resistance at 1.33782, and a rise through could take it to the next resistance level of 1.34155.

    USD CAD previous Day range was 81.9 and Current Day Range is 30.2.

    AUD USD

    The AUD traded higher against USD and closed at 0.7085.

    According to the analysis, pair is expected to find support at 0.70652, and a fall through could take it to the next support level of 0.70456. The pair is expected to find its first resistance at 0.71007, and a rise through could take it to the next resistance level of 0.71166.

    AUD USD previous day range was 35.5 and current day range is 36.8.

    in reply to: Daily Forex News By Xtreamforex.com #4816

    xtreamforex
    Participant

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

    GBP USD

    The GBP traded higher against the USD and closed at 1.3239.

    The Michigan Consumer Sentiment Index released by the University of Michigan is a survey of personal consumer confidence in economic activity. It shows a picture of whether or not consumers are willing to spend money. Generally speaking, a high reading anticipates positive (or bullish) for the USD, while a low reading is seen as negative (or bearish).

    According to the Analysis, Four hour chart shows that the pair is expected to find support at 1.31853, and a fall through could take it to the next support level of 1.31319. The pair is expected to find its first resistance at 1.33140, and a rise through could take it to the next resistance level of 1.33893.

    Previous Day range was 128.7 and Current Day Range is 49.9.

    NZD USD

    The NZD traded higher against the USD and closed at 0.6817.

    BusinessNZ Performance of Manufacturing Index (PMI) is compiled based on a monthly survey. It serves as a leading indicator of New Zealand’s manufacturing sector activity.

    The pair is expected to find support at 0.67951, and a fall through could take it to the next support level of 0.67735. The pair is expected to find its first resistance at 0.68518, and a rise through could take it to the next resistance level of 0.68869.

    NZD USD previous Day range was 56.7 and Current Day Range is 30.3.

    USD JPY

    The USD traded little lower against JPY and closed at 111.693.

    BoJ Interest Rate Decision is made 8 times a year. The regulator’s interest rate is used to provide loans to commercial banks. Establishing an interest rate is one of the main tools of the monetary policy used by the Bank of Japan to regulate the strength of its currency.

    Interest rate growth can have a positive impact on yen quotes.

    According to the analysis, pair is expected to find support at 111.274, and a fall through could take it to the next support level of 110.855. The pair is expected to find its first resistance at 111.971, and a rise through could take it to the next resistance level of 112.249.
    USD JPY previous day range was 6970 and current day range is 4020.

    in reply to: Daily Forex News By Xtreamforex.com #4805

    xtreamforex
    Participant

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

    USD JPY

    The USD traded higher against the JPY and closed at 111.137.

    BoJ Interest Rate Decision is made 8 times a year. The regulator’s interest rate is used to provide loans to commercial banks. Establishing an interest rate is one of the main tools of the monetary policy used by the Bank of Japan to regulate the strength of its currency.

    Interest rate growth can have a positive impact on yen quotes.

    According to the Analysis, Four hour chart shows that the pair is expected to find support at 110.941, and a fall through could take it to the next support level of 110.746. The pair is expected to find its first resistance at 111.396, and a rise through could take it to the next resistance level of 111.656.

    Previous Day range was 4550 and Current Day Range is 4850.

    AUD USD

    The AUD traded lower against the USD and closed at 0.7093.

    The New Home Sales indicator reflects sales of newly constructed residences in the United States in the specified month. It measures new single-family home sales.

    The indicator is used for measuring the US housing market conditions. Index growth may have a positive effect on dollar quotes.

    The pair is expected to find support at 0.70621, and a fall through could take it to the next support level of 0.70310. The pair is expected to find its first resistance at 0.71110, and a rise through could take it to the next resistance level of 0.71288.

    AUD USD previous Day range was 48.9 and Current Day Range is 35.1.

    USD CHF

    The USD traded little higher against CHF and closed at 1.0036.

    According to the analysis, pair is expected to find support at 1.00136, and a fall through could take it to the next support level of 0.99908. The pair is expected to find its first resistance at 1.00719, and a rise through could take it to the next resistance level of 1.01074.

    USD CHF previous day range was 58.3 and current day range is 15.4.

    in reply to: Daily Forex News By Xtreamforex.com #4797

    xtreamforex
    Participant

    Technical Overview of GBP/USD, EUR/USD and USD/CAD Currency Pairs

    GBP USD

    The GBP traded higher against the USD and closed at 1.3068.

    Overnight, it was another loss for UK Prime Minister May which now means lawmakers are likely to push for a delay to the 29 March deadline. However, 149-vote loss sets the bar seriously high for Theresa May to turn the tables around.

    Spring Forecast Statement is a statement made annually by HM Treasury to Parliament upon publication of economic forecasts.

    The statement features analysis of the economic situation in the UK and in the world, describes economic outlooks and provides previews of the government budget for the next year.

    The event has a short-term impact on financial markets depending on the HM Treasury rhetoric. Positive outlooks have a positive impact on the pound sterling.

    According to the Analysis, Four hour chart shows that the pair is expected to find support at 1.29535, and a fall through could take it to the next support level of 1.28386. The pair is expected to find its first resistance at 1.32341, and a rise through could take it to the next resistance level of 1.33998.

    Previous Day range was 280.6 and Current Day Range is 30.6.

    EUR USD

    The EUR traded lower against the USD and closed at 1.1287.

    The Nondefense Capital Goods Orders Excluding Aircraft, released by the US Census Bureau, measures the cost of orders received by manufacturers for capital goods (capital goods are durable goods used in the production of goods or services), which means goods planned to last for three years or more, excluding the defense and aircraft sectors. As those durable products often involve large investments they are sensitive to the US economic situation. Generally speaking, a high reading is bullish for the USD, while a low reading is seen as Bearish.

    The pair is expected to find support at 1.12530, and a fall through could take it to the next support level of 1.12185. The pair is expected to find its first resistance at 1.13133, and a rise through could take it to the next resistance level of 1.13391.

    EUR USD previous Day range was 60.3 and Current Day Range is 6.8.

    USD CAD

    The USD traded little higher against CAD and closed at 1.3353.

    Core Durable Goods Orders m/m reflect the value of orders received by manufacturers of durable goods in the given month compared to the previous one. The production of transport industry is excluded from the calculation.

    The index allows forecasting future production volumes in the short term.
    The value growth can have a positive effect on dollar quotes.
    According to the analysis, pair is expected to find support at 1.33307, and a fall through could take it to the next support level of 1.33089. The pair is expected to find its first resistance at 1.33957, and a rise through could take it to the next resistance level of 1.34389.

    USD CAD previous day range was 65 and current day range is 21.1.

    in reply to: Daily Forex News By Xtreamforex.com #4789

    xtreamforex
    Participant

    Technical Overview of GBP/USD, AUD/USD and USD/CHF Currency Pairs

    GBP USD

    The GBP traded higher against the USD and closed at 1.3149.

    • GBP/USD struggles to hold recent strength as it trades near 1.3220 ahead of London open on Tuesday.
    • The pair rose to 1.3290 during early-day increase after Brexit optimists welcomed the meeting between the UK PM Theresa May and the EU Commission Chief Jean-Claude Juncker.

    The UK Parliament will decide whether the UK PM May’s Brexit Plan is valid or not. In the case the Parliament don’t approve it, chances of a hard Brexit will increase exponentially.

    Nothing is more important this week than the Brexit votes on Tuesday, Wednesday and possibly also Thursday. There’s no exact time for the vote but it will be after the debates, which usually end evening time in the UK. That puts a vote somewhere after 18/19 GMT or 2pm/3pm NY time. It could be even later but it shouldn’t be earlier than 18 GMT. This week’s vote will determine 3 things –
    1. Will the UK accept the EU’s withdrawal agreement
    2. Will the UK rule out leaving with no deal
    3. Will Article 50 be extended?
    According to the Analysis, The pair is expected to find support at 1.30160, and a fall through could take it to the next support level of 1.28829. The pair is expected to find its first resistance at 1.32251, and a rise through could take it to the next resistance level of 1.33011.

    Previous Day range was 209.1 and Current Day Range is 139.3.

    AUD USD

    The AUD traded higher against the USD and closed at 0.7068.

    FED Chair Speech affects USD depending on the speech rhetoric. If the speech is seen as an intention to raise the rates at the next FOMC meeting, this has a positive impact on USD and vice versa.

    The FED Chair’s statements have the greatest impact on the market compared to other members of the FED Board of Governors.

    The pair is expected to find support at 0.70375, and a fall through could take it to the next support level of 0.70069. The pair is expected to find its first resistance at 0.70876, and a rise through could take it to the next resistance level of 0.71071.
    AUD USD previous Day range was 50.1 and Current Day Range is 22.8.

    USD CHF

    The USD traded little higher against CHF and closed at 1.0105.

    According to the analysis, pair is expected to find support at 1.00768, and a fall through could take it to the next support level of 1.00483. The pair is expected to find its first resistance at 1.01266, and a rise through could take it to the next resistance level of 1.01479.

    USD CHF previous day range was 49.8 and current day range is 14.

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