Technical Overview of EUR / USD, USD / CAD and USD / CHF Currency Pairs
The EUR traded lower against the USD and closed at 1.1405.
Despite the end of the month FOMC levels. 1.1315 at sight should the 1.1400 figure gives up.
The Energy Information Administration (EIA) Crude Oil Stocks Change Indicator is published weekly. It measures the number of commercial oil barrels by US companies. It is one of the affects affecting world oil prices.
Growing crude oil stocks. We have a negative impact on the oil barrel price.
According to the Analysis, 1.97907, and a fall in the next support level of 1.13767. The first resistance is 1.14293, and it can be considered the first resistance level.
Previous Day range was 38.6 and Current Day Range is 13.
The USD is traded higher with the CAD and closed at 1.1325.
The USD / CAD pair trades little changed around 1.3130 on early Wednesday. The pair has strong resistance confluence near 1.3205-1.3210 that includes 100-day simple moving average (SMA) and a month old descending trend-line.
Canada Ivey Purchasing Managers Index (PMI). Shows the Ivey School of Business.
The indicator is calculated on the market. The survey persons representatives of companies. Respondents are better or worse.
Survey results are seasonally adjusted.
A reading above. 50 suggests the economy is in contraction. The index growth can have a positive effect on CAD quotes.
The pair is expected to be supported at 1.31002, and it should be added to the next support level of 1.30757. The first resistance level is 1.31511, and 1.95755.
USD CAD previous Day range was 50.9 and Current Day Range is 26.1.
The USD is traded a bit higher against CHF and closed at 0.9995.
US Dollar Index struggles to break above 96.
10-year T-bond yield erases gains to weigh on the greenback.
Coming up: ISM and Markit non-manufacturing. PMI data from the US
According to the analysis, a pair is expected to find support at 0.99706, and a fall through to the next support level of 0.99464. The first resistance is 1.00198, and the first resistance can be found at 1.00198.
USD CHF previous day range was 49.2 and current day range is 16.9.