 | |  | | Although US fundamental data were not as good as marker expected, dollar was in a broad-based rebound from the precious session’s steep losses. The main reason was investors were worried about the record high of oil prices would hurt the growth of Asia economic and then even affected the world economic recovery. Another reason bring the retracement of dollar today was the expectation of US rate hike.
EURO/USD: Followed the good news from England’s MPC policymakers 9:0 voted hike the rate by 25 pips; Euro was also getting the power to increase against dollar. Technical views: euro was building up base from 1.1940, and now was staying right at top of down side trend, which increase the sell-off pressure of euro. Euro resistance level is 1.2080, and then 1.2160; Support level is 1.1940, and then 1.1870.
Trading range: 1.2080-1.1940
USD/JPY: Followed by rebound of Nikkei stock form two days climbing, yen erased early gains and fell against dollar. Technical view: As dollar yen major support is above 112.30, if break though 112.30; Resistance is about 114.50 and then 115.00.
Trading range: 114.50-112.30
GBP/USD: Sterling was losing 1% against dollar, as dollar rebound broad-based yesterday. By followed other high yield currencies and worried about the high oil price, sterling was under the sell-off pressure. Technical view: We think, Gable would have some market consolidation in today’s trade and would still move in between of 1.7890-1.7600. The resistance level is near about 1.7820 and then 1.8000. The next support level is 1.7620
Trading range: 1.7820-1.7620
AUD/USD; NZD/USD: Because investors were concern about high prices of oil could hurt the economy recovery, as commodity currency, both Aussie and Kiwi was under the sell-off pressure. Technical view: Aussie and Kiwi are all stay in down side trend, which increased their sell-off pressure Aussie: The resistance level would be 0.6970 and then 0.7080 and the support level would be 0.6830, and then 0.6730; Kiwi dollar: The next support of Kiwi is 0.6010, and then 0.5980, Resistance level would be 0.6100, and then 0.6150.
Trading range: AUD/USD: 0.7020-0.6830; NZD/USD: 0.6100-0.5980
以上评论完成于18:30 GMT; Beijing 2:30AM |  |  |  |  |
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