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Daily News By Xtreamforex.com

Discussion in 'Forex' started by xtreamforex, Jan 3, 2019.

  1. xtreamforex

    xtreamforex Registered

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

    USD JPY

    USD traded higher against JPY and closed at 107.53.

    · USD/JPY grinds higher to 107.67 from 107.54, nearing breakout
    · May soon crack 107.71 top of daily Ichimoku Cloud on EBS
    · Closing above that level marks bullish break, 200 DMA could be next
    · ECB meet Thurs could derail EUR/JPY, though dovish outcome priced in
    · US 10y yield lets off some steam after hitting 1.744%, last 1.713%
    · Risk appetite rising with further global central bank easing expected

    According to the Analysis, pair is expected to find support at 107.32 and a fall through could take it to the next support level of 107.21. The pair is expected to find its first resistance at 107.64 and a rise through could take it to the next resistance level of 107.75.

    USD CHF

    USD traded lower against CHF and closed at 0.9919.

    · USD/CHF recently turned choppy inside a rising channel formation.
    · 200-hour EMA adds to the pattern’s support.

    The USD/CHF pair’s failure to rise past-0.9930/35 area, including early-month high, is less likely to portray its weakness unless breaking near-term support-line. The pair currently trades near 0.9920 by the press time heading into Wednesday’s European session.

    According to the Analysis, pair is expected to find support at 0.9896 and a fall through could take it to the next support level of 0.9886. The pair is expected to find its first resistance at 0.9928, and a rise through could take it to the next resistance level of 0.9938.

    AUD USD

    AUD traded higher against USD and closed at 0.6859.

    · AUD/USD is losing altitude in response to a dismal Westpac Aussie consumer confidence data.
    · Australian currency may remain under pressure due to deepening slowdown in China.

    According to the Analysis, pair is expected to find support at 0.6850 and a fall through could take it to the next support level of 0.6845. The pair is expected to find its first resistance at 0.6868, and a rise through could take it to the next resistance level of 0.6873.
     

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