US Existing Home Sales jumped to 5.19M in March , Sell USD at recovery !

forex US home zu1xuw min
forex US home zu1xuw min

Existing Home Sales measures the change in the annualized number of existing residential buildings that were sold during the previous month. This report helps to gauge the strength of the U.S. housing market and is a key indicator of overall economic strength.

The indicator has jumped to 5.19 M in March vs 5.03 M forecast .This development should be taken as an opportunity¬†¬†to sell US dollar at recovery , let’s take a quick look at support and resistance levels for most pairs :

EURUSD : support comes at the : 1.0706/1.0659 levels ..

GBPUSD : support comes at the 1.5000/1.4887 levels ..

USDJPY : resistance comes at the 119.73 levels..

AUDUSD : support comes at the 07758 levels..

USDCAD : resistance comes at the 1.2280 levels..

NZDUSD: support comes at the 0.7642/0.7617 levels..

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MARKET DATA

UPCOMING ECONOMIC EVENTS

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