xtreamforex12
Active Member
Technical Overview of USD/CAD, USD/CHF and USD/JPY Currency Pairs
USD CAD
The USD traded lower against the CAD and closed at 1.3155.
Canada Gross Domestic Product (GDP) m/m is the macroeconomic indicator of the national economy state. It reflects the value of all goods and services produced in all sectors of economy on the territory of Canada. The indicator shows the GDP change in the reported month compared to the previous one.
GDP growth can have a positive effect on CAD quotes.
According to the Analysis, The pair is expected to find support at 1.31231, and a fall through could take it to the next support level of 1.30914. The pair is expected to find its first resistance at 1.31813, and a rise through could take it to the next resistance level of 1.32078.
Previous Day range was 58.2 and Current Day Range is 17.9.
USD CHF
The USD traded lower against the CHF and closed at 1.0013.
Switzerland Gross Domestic Product (GDP) q/q reflects changes in the market value of domestically produced goods and services, in the reported quarter compared to the previous quarter.
The indicator shows GDP calculated using the value-added statistics (i.e. using the so-called production approach). Value added is determined as a difference between the total income and material production costs.
GDP growth can have a positive effect on CHF quotes.
The pair is expected to find support at 0.99786, and a fall through could take it to the next support level of 0.99441. The pair is expected to find its first resistance at 1.00309, and a rise through could take it to the next resistance level of 1.00487.
USD CHF previous Day range was 52.3 and Current Day Range is 26.3.
USD JPY
The USD traded lower against JPY and closed at 110.985.
ISM Manufacturing PMI reflects business conditions in the US manufacturing sector in the specified month. The indicator is based on a survey of representatives from more than 400 companies. Unlike Markit, ISM considers not only private companies but is based on the common NAICS (North American Industrial Classification System) list. The questionnaire considers employment, production level, inventories, new orders and supplier deliveries.
Readings above 50 can have a positive effect on US dollar quotes.
According to the analysis, pair is expected to find support at 110.536, and a fall through could take it to the next support level of 110.086. The pair is expected to find its first resistance at 111.253, and a rise through could take it to the next resistance level of 111.520.
USD JPY previous day range was 7170 and current day range is 1660.
USD CAD
The USD traded lower against the CAD and closed at 1.3155.
Canada Gross Domestic Product (GDP) m/m is the macroeconomic indicator of the national economy state. It reflects the value of all goods and services produced in all sectors of economy on the territory of Canada. The indicator shows the GDP change in the reported month compared to the previous one.
GDP growth can have a positive effect on CAD quotes.
According to the Analysis, The pair is expected to find support at 1.31231, and a fall through could take it to the next support level of 1.30914. The pair is expected to find its first resistance at 1.31813, and a rise through could take it to the next resistance level of 1.32078.
Previous Day range was 58.2 and Current Day Range is 17.9.
USD CHF
The USD traded lower against the CHF and closed at 1.0013.
Switzerland Gross Domestic Product (GDP) q/q reflects changes in the market value of domestically produced goods and services, in the reported quarter compared to the previous quarter.
The indicator shows GDP calculated using the value-added statistics (i.e. using the so-called production approach). Value added is determined as a difference between the total income and material production costs.
GDP growth can have a positive effect on CHF quotes.
The pair is expected to find support at 0.99786, and a fall through could take it to the next support level of 0.99441. The pair is expected to find its first resistance at 1.00309, and a rise through could take it to the next resistance level of 1.00487.
USD CHF previous Day range was 52.3 and Current Day Range is 26.3.
USD JPY
The USD traded lower against JPY and closed at 110.985.
ISM Manufacturing PMI reflects business conditions in the US manufacturing sector in the specified month. The indicator is based on a survey of representatives from more than 400 companies. Unlike Markit, ISM considers not only private companies but is based on the common NAICS (North American Industrial Classification System) list. The questionnaire considers employment, production level, inventories, new orders and supplier deliveries.
Readings above 50 can have a positive effect on US dollar quotes.
According to the analysis, pair is expected to find support at 110.536, and a fall through could take it to the next support level of 110.086. The pair is expected to find its first resistance at 111.253, and a rise through could take it to the next resistance level of 111.520.
USD JPY previous day range was 7170 and current day range is 1660.