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Monday, September 21st
NZD/USD is lower after a downbeat consumer sentiment report. NZD/USD opened trades at 0.6396 and fell to 0.6359 in Asia as Westpac Banking Corporation reported that its consumer sentiment index for New Zealand fell to 106 in the third quarter from a reading of 113 in Q2. The greenback was stronger with the US dollar index at 95.37. The support and resistance levels are located at 0.6341 and 0.6521, respectively.
AUD/USD slipped lower as US dollar continued to recover from the losses it suffered after Fed left the interest rates unchanged. The pair is currently changing hands at 0.7172 after two weeks of rising seen in aussie. Although, it is not expected that this instrument will be going up above 0.7314, where strong resistance is located. On the downside, support can be found at 0.7140.
GBP/USD is trading at 1.5546 after a quick recovery of last week. The pair returned to its consolidation corridor in between 1.5425 and 1.5690, but downside risks still exist. Tomorrow, market is waiting for the British CBI Industrial trends orders data and Thursday will provide details on BBA Mortgage Approvals. The support is seen at 1.5372, while resistance can be found at 1.5673.
EUR/USD is rising from its opening level of 1.1286 in Asia. This week, data is expected from euro zone with Consumer Confidence and PMI viewed by the market. Last week, the pair rose as high as 1.1460 amid the Fed statement, but having returned to its comfortable 1.12-1.13 zone it is likely we will see some flat trades this week.
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