Fundamentals in Forex Today

8:30 am EST Nonfarm Productivity q/q (p) (USD)
4:45 pm EST Unemployment Rate (NZD)
7:30 pm EST Employment Change (AUD)
7:30 pm EST Unemployment Rate (AUD)

Forex technical overview

EUR-USD => We should see an uptrend continuing towards 1.4572 / 1.4635 with support at 1.4531 being strong. A correction later towards 1.4531 - 1.4511 may take place.

GBP-USD => Currently aiming at at least 2.0922. Support at 2.0862 - 2.0840 area should hold all pullbacks.

USD-CHF => While 1.1470 provides resistance we should observe dips to 1.1398. Breaking above 1.1518 will cancel bearish prospectives.

USD-JPY => Main support at 114.35 should hold allowing a rise to 114.92 and possibly to 115.11.

EUR-JPY => While 166.51 and 166.24 provide support we should see price moving higher towards 167.55. S/L can be placed slightly below 165.96.

EUR-GBP => Attempts to push price down should be stopped at 0.6956, additional upward attempt to 0.6976 can be seen. S/L slightly below 0.6939.

EUR-CHF => 1.6606 - 1.6649 will see the end of the current fall growing buyers pressure with up move to 1.6685 / 1.6701. Registering below 1.6596 will abort bullish expectations.

AUD-USD => We should see an uptrend continuing towards 0.9300 / 0.9351 assuming that support at 0.9261 holds sellers’ pressure. Later a corrective recovery towards 0.9261 - 0.9245 may take place.

USD-CAD => We may see current support levels at 0.9202 and 0.9110 stopping sellers and favoring buyers with the target at 0.9294.

Forex Fundamental overview

10:00 am EST Ivey PMI (CAD)
5:30 pm EST Interest Rate Statement (AUD)
7:30 pm EST Home Loans m/m (AUD)

Forex technical analysis

EUR-USD => At support level 1.4456 / 1.4433 expect a move up towards 1.4515 followed by a downside correction.

GBP-USD => Support at 2.0795 area should hold for a move up towards 2.0940. Breaking below 2.0716 sets bears mode.

USD-CHF => Support at 1.1497 area should hold allowing a rise to 1.1561 / 1.1584.

USD-JPY => Support at 114.09 level should hold making a ground for upward move to 114.90 / 115.25.

EUR-JPY => Possible attempt lower to 164.94 will be followed by move up to 166.14. Later again - downtrend.

EUR-GBP => Downside direction will change recent uptrend and dips will see price at 0.6938 / 0.6923. Rising above 0.6981 will be in support of buyers.

EUR-CHF => Preferred outlook is for a test lower to 1.6663 or even 1.6633. Breaking above 1.6718 returns bulls in play.
AUD-USD => We will most like observe consolidation between 0.9167 and 0.9266 for some time.

USD-CAD => Resistance at 0.9333 - 0.9337 if holds will provide a way down to 0.9322, later a correction up to 0.9352 is expected.

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Forex weekly Pivots - major Support & Resistance levels

Forex Fundamentals Today

4:30 am EST Industrial Production m/m (GBP)
4:30 am EST Manufacturing Production m/m (GBP)
10:00 am EST ISM Non-Manufacturing Index (USD)

Forex market technical overview

EUR-USD => Temporary consolidation between 1.444 and 1.4593 should be seen for some time now.

GBP-USD => The market is in uptrend aiming at 2.0902 / 2.0982 assuming that 2.0852 offers support. Later expect a correction towards 2.0852 - 2.083.

USD-CHF => Support at 1.1477 if holds should allow the market to rise to 1.1586 / 1.1631.

USD-JPY => Looking for a breakout out of the triangle formation. Expect increased activity above 115.42 or under 114.37.

EUR-JPY => While 166.27 - 166.88 resists we should see attempts lower towards 165.39 / 164.17. Breaking above 167.49 sets bulls in charge of price.

EUR-GBP => Resistances is at 0.6925. Currently a dip towards 0.6932 / 0.6923 is more likely to take place. Rising above 0.6957 will postpone this dip.

EUR-CHF => Expect price to test 1.6798 before moving down towards 1.6691 or even 1.6642 in extension.

AUD-USD => Testing of 0.9322 is expected, followed by move down towards 0.9153 or even 0.9075 in extension.

USD-CAD => Supports are - 0.9332 and 0.9274 with main support at 0.9194 limit. Overall outlook is bearish.