U.S Existing Home Sales 5.05 M , USD slides a little bit !

Forex 6598989

The U.S Existing Home Sales already released 5.05 M , the indicator has declined below 5.20 levels, this scenario could delay USD glory’s a little the next few hours..

Market Impact :

EURUSD : Currently the pair is around 1.2835 levels , support comes at the 1.2825 , rejection , or lower leg is suggested around 1.2825 levels before the next rebound towards the nearest resistance 1.2865/1.2930 levels , anyway , consolidation below resistance levels is likely …sell at tops…

GBPUSD : Currently the pair is around 1.6350 , support at the 1.6282 levels is likely to hold the next 24 hours , sideways trading is suggested within 1.6282/1.6390 levels…

USDJPY : Sideways trading within 108.38/109.54 range is likely the next 24 hour , buy on dips …

USDCHF : Consolidation within 0.9330/0.9432 range is an option the upcoming hours ……..

AUDUSD : The pair has broken below the weekly support 0.8889 , any rebound is likely to be capped by the 0.8889 levels ..

USDCAD : Recent rise from 1.0885 levels is likely to be limited by the 1.1071 levels at least the next 24 hours….

NZDUSD :Resistance comes at the 0.8156 levels , US data is not strong enough to take out the 0.8156 levels at least till tomorrow , any rise towards or beyond 0.8156 is likely to be limited (weak) and followed by a slide…..

 Conclusion : Limited gains for the USD till tomorrow !!!