U.S Michigan Consumer Sentiment (Apr) rises to 95.9 vs 94.0 forecast , sideways market before week end !!

USA16 clcy8s min
USA16 clcy8s min

The University of Michigan Consumer Sentiment Index rates the relative level of current and future economic conditions.

Analysts  expected UoM consumer sentiment to rise to 94.0 , but it has beaten expectations and jumped to 95.9 !!

This development is likely to ease the burden on the US dollar but let’s highlight technical view first :

EURUSD : The pair is likely to consolidate above the main support 1.0706 !!!

GBPUSD : The pair is likely to consolidate around 1.4970 levels…

USDJPY : Sideways move around 119.00 levels is likely …

AUDUSD : The area below 0.7770 is strongly supported , If fails , 0.7700 should contain any fall and bring strong rebound …

USDCAD : A consolidation around / below 1.2220 is likely…

NZDUSD : The area below 0.7660 is strongly supported , a consolidation within this range is likely ….

Next week , the US dollar may recover its losses , stay tuned for updates !!!