USD Overview

Yesterday, USD strengthened against all major currencies.


NZD/USD Outlook

Overall, NZD/USD is trending upwards. Recently, NZD/USD broke below the key level of 0.67.

The ANZ Business Confidence data (Forecast: NA, Previous: -41.8) will be released tomorrow at 0900 (SGT).

NZD/USD next support zone is at 0.65200 and the next resistance zone is at 0.67600.
Look for selling opportunities of NZD/USD.


AUD/USD Outlook

Overall, AUD/USD is trending upwards. Recently, AUD/USD has been ranging across.

The Westpac Consumer Sentiment data (Forecast: NA, Previous: -9.5%) will be released tomorrow at 0900 (SGT).

AUD/USD’s next support zone is at 0.72500 and the next resistance zone is at 0.73800.
Look for selling opportunities of AUD/USD.


USD/JPY Outlook

Overall, USD/JPY is ranging across.

Yesterday, it was reported that close to 2 million people across southwestern Japan were told to evacuate their homes due to Typhoon Haishen moving close to the country.

USD/JPY’s next support zone is at 105.400 and the next resistance zone is at 106.800.
Look for buying opportunities of USD/JPY.


EUR/USD Outlook

Overall, EUR/USD is ranging across. Recently, EUR/USD moved lower into the key level of 1.18.

The eurozone quarterly final employment change and revised GDP data will be released later at 1700 (SGT).

  • Final Employment Change q/q (Forecast: -2.8%, Previous: -2.8%)
  • Revised GDP q/q (Forecast: -12.1%, Previous: -12.1%)

EUR/USD’s next support zone is at 1.17200 and the next resistance zone is at 1.19700.
Look for selling opportunities of EUR/USD.


GBP/USD Outlook

Overall, GBP/USD is ranging across. Recently, GBP/USD broke the support zone of 1.32200.

GBP/USD’s next support zone is at 1.30000 and the next resistance zone is at 1.32200.
Look for selling opportunities if GBP/USD.


USD/CAD Outlook

Overall, USD/CAD is trending downwards. Recently, USD/CAD has been ranging across.

Currently, USD/CAD is testing to break above the key level of 1.31. Its next support zone is at 1.29800 and the next resistance zone is at 1.31800.
Look for buying opportunities of USD/CAD if it breaks above the key level of 1.31.


GBP/JPY Outlook

Overall, GBP/JPY is ranging across. Recently, GBP/JPY moved into the support zone of 140.000

Yesterday, it was reported that close to 2 million people across southwestern Japan were told to evacuate their homes due to Typhoon Haishen moving close to the country.

Currently, GBP/JPY is testing the support zone of 140.000 and the next resistance zone is at 142.200.
Look for selling opportunities of GBP/JPY if it breaks the support zone of 140.000.


EUR/JPY Outlook

Overall, EUR/JPY is ranging across.

The eurozone quarterly final employment change and revised GDP data will be released later at 1700 (SGT).

  • Final Employment Change q/q (Forecast: -2.8%, Previous: -2.8%)
  • Revised GDP q/q (Forecast: -12.1%, Previous: -12.1%)

EUR/JPY’s next support zone is at 124.600 and the next resistance zone is at 126.700.
Look for selling opportunities of EUR/JPY.


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By Jin Dao Tai

JinDao Tai is an Entrepreneur, Award-Winning Forex Coach & Trainer, International Speaker and Multi-Million Dollar Trader. Starting out his career as an economic & financial consultant in Australia, one day he decided to change his life and pivoted into multiple entrepreneurship endeavours and eventually into managing a multi-million dollar portfolio.

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