U.S greenback index pressed decrease yesterday and closed close to 99.40 help stage. The index at present sticks close to the extent and may breakout decrease. Nonetheless, merchants may wish to wait till the precise breakout beneath 99.40 occurs earlier than deciding the following path of the index.
With no main shut beneath 99.40, the usdollar index may bounce and transfer greater once more.
Information to look at
07.30 AM ECB Press Convention
U.S Unemployment Claims, forecast 3500ok
For full outlook for this week, you’ll be able to comply with Forex Outlook For The Week April 27 – May 01, 2020
EUR/USD
EUR/USD has not left the 1.0800 – 1.0900 vary but. The pair managed to shut greater and close to 1.0900 resistance stage. If the pair may proceed greater and shut above 1.0900 then merchants will anticipate additional bullish motion towards 1.1000 and SMA 200.
immediately crucial ranges to look at:
Help: 1.0800, 1.0650
Resistance: 1.0900, 1.1000
GBP/USD
GBP/USD extends it’s bullish shut and stick close to the horizontal resistance stage proven on the chart. The pair could proceed upward and goal the SMA 200 and 1.2625 resistance stage. On the present time, merchants who haven’t any positions may proceed ready for additional response close to the resistance stage.
In the present day Important stage to look at:
Help: 1.2200, 1.2000
Resistance: 1.2500, 1.2625
USD/JPY
USD/JPY is beneath stress however keep the shut close to 106.70 help stage. Yesterday the pair fell beneath 106.70 with robust momentum however ended the day close to the extent. In the present day, there isn’t a bearish follow-through but. The pair may consolidate close to 106.70 for now whereas ready for a response.
In the present day crucial ranges to look at:
Help: 106.70, 105.00
Resistance: 108.00, 109.00
AUD/USD
AUD/USD determine to proceed its bullish motion and closed above 0.6500 with a robust bullish candlestick. We predict the pair may prolong its bullish motion and goal the every day SMA 200 and 0.6700. If the pair corrected decrease towards 0.6500 then merchants may search for lengthy positions when there are bullish reactions.
In the present day crucial ranges to look at:
Help: 0.6500, 0.6300
Resistance: 0.6700
— to fxdailyreport.com
