Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

Weekly Forex Market Forecasts For June 5th – June 9th

Published 06/05/2017, 05:19 AM
Updated 07/09/2023, 06:31 AM
EUR/USD
-
GBP/USD
-
AUD/USD
-
USD/CAD
-
NZD/USD
-
JPY/USD
-

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 June 5th – June 9th, 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, June 4th

All Day NZD Bank Holiday

Monday, June 5th

12:30am AUD AIG Services Index (last 53.0, > good for currency)

2:00am AUD MI Inflation Gauge (last 0.5%, > good for currency)

2:30am AUD Company Operating Profits (5.1% expected, > good for currency)

2:30am AUD ANZ Job Advertisements (last 1.4%, > good for currency)

2:45am CNY Caixin Services PMI (51.4 expected)

All Day CHF Bank Holiday

All Day EUR French Bank Holiday

All Day EUR German Bank Holiday

8:15am EUR Spanish Services PMI (57.5 expected, > good for currency)

8:45am EUR Italian Services PMI (55.4 expected, > good for currency)

8:50am EUR French Final Services PMI (58.0 expected, > good for currency)

8:55am EUR German Final Services PMI (55.2 expected, > good for currency)

9:00am EUR EZ Final Services PMI (56.2 expected, > good for currency)

9:30am GBP Services PMI (55.1 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)

2:45pm USD Final Services PMI (54.1 expected, > good for currency)

3:00pm USD ISM Non-Manufacturing PMI (57.3 expected, > good for currency)

3:00pm USD Factory Orders (-0.2% expected, > good for currency)

3:00pm USD Labor Market Conditions Index (last 3.5, > good for currency)

Tuesday, June 6th

12:01am GBP BRC Retail Sales Monitor (last 5.6%, > good for currency)

1:00am JPY Average Cash Earnings (0.3% expected, > good for currency)

2:00am NZD ANZ Commodity Prices (last -0.2%, > good for currency)

2:30am AUD Current Account (-0.5B expected, > good for currency)

4:45am JPY 30-year Bond Auction (last average rate 0.82 with a 3.4 bid to cover ratio; ratio = good for currency)

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

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

9:10am EUR EZ Retail PMI (last 52.7, > good for currency)

9:30am EUR EZ Sentix Investor Confidence (27.6 expected, > good for currency)

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

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

Tentative GBP 30-year Bond Auction (last average rate 1.86 with a 1.6 bid to cover ratio; ratio = good for currency)

3:00pm CAD Ivey PMI (62.0 expected, > good for currency)

3:00pm USD JOLTS Job Openings (5.65M expected, > good for currency)

3:00pm USD IBD/TIPP Economic Optimism (51.6 expected, > good for currency)

Tentative NZD GDT Price Index (last 3.2%, > good for currency)

11:45pm NZD Manufacturing Sales (0.3% expected, > good for currency)

Wednesday, June 7th

12:30am AUD AIG Construction Index (last 51.9, > good for currency)

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

6:00am JPY Leading Indicators (104.4% expected, > good for currency)

7:00am EUR German Factory Orders (-0.2% expected, > good for currency)

8:00am CHF Foreign Currency Reserves (last 696B, > good for currency)

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

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

1:30pm CAD Building Permits (last -5.8%, > good for currency)

3:30pm USD Crude Oil Inventories (last -6.4M, > good for currency)

8:00pm USD Consumer Credit (15.2B expected, > good for currency)

Thursday, June 8th

12:01am GBP RICS House Price Balance (20% expected, > good for currency)

12:50am JPY Final GDP (0.6% expected, > good for currency)

12:50am JPY Bank Lending (3.0% expected, > good for currency)

12:50am JPY Current Account (1.62T expected, > good for currency)

12:50am JPY Final GDP Price Index (-0.8% expected, > good for currency)

2:30am AUD Trade Balance (1.99B expected, > good for currency)

Tentative CNY Trade Balance (336B expected)

Tentative CNY USD-Denominated Trade Balance (47.5B expected)

6:00am JPY Economy Watchers Sentiment (48.6 expected, > good for currency)

6:45am CHF Unemployment Rate (3.3% expected,

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

7:45am EUR French Trade Balance (-5.9B expected, > good for currency)

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

All Day GBP Parliamentary Elections (Conservative majority = good for currency)

10:00am EUR EZ Revised GDP (0.5% expected, > good for currency)

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

1:15pm CAD Housing Starts (205K expected, > good for currency)

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

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

1:30pm USD Weekly Initial Jobless Claims (241K expected,

3:30pm CAD BOC Financial System Review (hawkish = good for currency)

3:30pm USD Natural Gas Storage (last 81B, > good for currency)

Friday, June 9th

12:50am JPY M2 Money Stock (4.3% expected, > good for currency)

2:30am AUD Home Loans (-0.9% expected, > good for currency)

2:30pm CNY CPI (1.5% expected)

2:30pm CNY PPI (5.7% expected)

5:30am JPY Tertiary Industry Activity (0.5% expected, > good for currency)

7:00am EUR German Final CPI (0.5% expected, > good for currency)

7:00am EUR German Trade Balance (20.3B expected, > good for currency)

7:45am EUR French Governor Budget Balance (last -29.6B, > good for currency)

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

9:00am EUR Italian Quarterly Unemployment Rate (11.6% expected,

9:30am GBP Manufacturing Production (0.8% expected, > good for currency)

9:30am GBP Goods Trade Balance (-12.0B expected, > good for currency)

9:30am GBP Construction Output (0.5% expected, > good for currency)

9:30am GBP Consumer Inflation Expectations (last 2.9%, > good for currency)

9:30am GBP Industrial Production (0.7% expected, > good for currency)

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

1:30pm CAD Employment Change (11.5K expected, > good for currency)

1:30pm CAD Unemployment Rate (6.6% expected,

1:30pm CAD Capacity Utilization Rate (82.4% expected, > good for currency)

3:00pm USD Final Wholesale Inventories (-0.1% expected,

Technical Forecast and Levels to Watch for the Majors This Week

EUR/USD: Higher

Resistance:

Initial: 1.1244/83, 1.1294/1.1303, 1.1317/48, 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: 1.1233/36, 1.1210/21, 1.1164/1.1204, 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.

USD/JPY: Lower

Resistance:

Initial: 110.39/47, 110.58/66, 110.86, 110.97/111.03, 111.35/44, 111.57/70, 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: 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.

GBP/USD: Mildly Lower

Resistance:

Initial: 1.2863/79, 1.2901/02, 1.2914/19, 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: 1.2843/49, 1.2829, 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.

AUD/USD: 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.

USD/CAD: Mildly Lower

Resistance:

Initial: 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: 1.3449/72, 1.3432/36, 1.3426/29, 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.

NZD/USD: Higher

Resistance:

Initial: 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: 0.7128, 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.

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.