Daily Currency Report

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Daily Currency Report

Source:Direct FX Forex Broker (Review and Forex Rebate system)

EUR USD

This morning at 09:40 GMT, the EUR is trading at 1.1167 against the USD, 0.56% lower from the New York close, on the back of soft economic data across the Euro-zone.  This morning, the pair traded at a high of 1.1235 and a low of 1.1134. The Euro traded 0.94% higher against the US Dollar in the New York session yesterday, with the pair closing the session at 1.1230. The pair is expected to its find support at 1.1076 and its first resistance at 1.1269.

GBPUSD

At 09:40 GMT, the pair is trading at 1.5721, with the Pound trading 0.07% lower against US Dollar from the New York close, as investors did not pay much attention to Britain’s revised Q1 GDP data. The pair witnessed a high of 1.5747 and a low of 1.5693 during the session. Yesterday, the Pound traded 0.02% lower against the US Dollar in the New York session and ended at 1.5733. Immediate downside, the first support level is seen at 1.5673, while on the upside, the first resistance level is situated at 1.5779.

USDJPY

This morning, at 09:40 GMT, the US Dollar is trading at 122.39 against the Yen, 0.12% lower from the New York close. Earlier today, data showed that housing starts in Japan climbed more than anticipated on an annual basis in May. During the session, the pair traded at a high of 122.74 and a low of 121.94. Yesterday, the US Dollar traded 0.22% lower against the Yen in the New York session and ended at 122.55. The pair is expected to its find support at 121.89 and its first resistance at 122.96.

USDCHF

The US Dollar is trading at 0.9298 against the Swiss Franc at 09:40 GMT this morning, 0.49% higher from the New York close. The Swiss Franc came under pressure, after Switzerland’s KOF leading indicator unexpectedly deteriorated in June. The pair traded at a high of 0.9333 and a low of 0.9247 this morning. Yesterday, the USD traded 0.77% lower against the CHF in the New York session and ended at 0.9253. The pair is expected to its find support at 0.9238 and its first resistance at 0.9364.

USDCAD

The pair is trading at 1.2399 at 09:40 GMT this morning, with the USD trading slightly lower against CAD from the New York close, ahead of the release of Canada’s GDP data. The pair traded at a high of 1.2425 and a low of 1.2383 this morning. The US Dollar advanced against the Canadian Dollar in the New York session yesterday, closing 0.35% higher at 1.2401. In economic news, Canada’s industrial product price index bounced back, while the raw material price index rose less than market forecasts on a monthly basis in May. The pair is expected to its find support at 1.2349 and its first resistance at 1.2436.

AUDUSD

The pair is trading at 0.7676 at 09:40 GMT this morning, with the Australian Dollar trading a tad lower against US Dollar from the New York close. Early morning data indicated that new home sales in Australia fell on a monthly basis in May, while private sector credit growth advanced for the same period. This morning, the pair traded at a high of 0.7697 and a low of 0.7660. The Australian Dollar traded 0.17% higher against the US Dollar in the New York session yesterday, with the pair closing the session at 0.7680. The pair is expected to its find support at 0.7641 and its first resistance at 0.7713.

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