Daily economic digest from Forex.ee
EUR/USD is trading at 1.0850 in the early European session. The low was around 1.0820 after Gold printed a low of 1087$/Oz. There are no significant data releases later in the day, the main focus is kept on Greece debt issues.
GBP/USD is trading in the flat mode today, current quote is 1.5607. The support is on the 1.5550 level, resistance at 1.5638. No major economic data is due to be released today, so we expect the sideways moves of GBP/USD today.
USD/JPY is testing 124.10 level trading within a narrow range. The pair has had the best performance during the last week posting a gain of 150 pips. Now it consolidates around 124.00 level and traders may expect further gains in case of positive tone in US dollar and absence of concerns in Greek deal. The immediate resistance is at 124.25 and support around 123.39.
AUD/USD reached it’s low of 0.7327 earlier today been influenced by the collapse in Gold prices. At the moment we see a recovery of the Aussie with current price at 0.7392. Resistance level is at 0.7415, support at 0.7343.
NZD/USD was pushed up today to 0.6600 level by the New Zealand PM John Key’s comment that Kiwi has fallen faster than expected. Currently the price trades at 0.6569 level. The main focus this week is on the RBNZ police meeting on Thursday and interest rate decision. Resistance is at 0.6575 level with support at 0.6535.
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