USD Overview (13 August 2021)
Yesterday, USD strengthened against most major currencies except JPY.
The Preliminary UoM Consumer Sentiment data (Forecast: 81.2, Previous: 81.2 revised from 80.8) will be released later at 2200 (GMT+8).
NZD/USD Outlook (13 August 2021)
Overall, NZD/USD is ranging across.
The New Zealand Inflation Expectations q/q data (Actual: 2.27%, Forecast: NA, Previous: 2.05%) released yesterday indicated that the Reserve Bank of New Zealand is expecting inflation to rise higher two years down the road.
Currently, NZD/USD is testing to break below the key level of 0.70. Its next support zone is at 0.69500 and the next resistance zone is at 0.71000.
Look for short-term selling opportunities of NZD/USD if it breaks below the key level of 0.70.
AUD/USD Outlook (13 August 2021)
Overall, AUD/USD is trending downwards.
Currently, AUD/USD is testing the support zone of 0.73300 and the next resistance zone is at 0.75000.
Look for short-term selling opportunities of AUD/USD if it breaks the support zone of 0.73300.
USD/JPY Outlook (13 August 2021)
Overall, USD/JPY is ranging across.
The Japanese Preliminary GDP q/q data (Forecast: TBA, Previous: -1.0% revised from -1.3%) will be released next Monday at 0750 (GMT+8).
USD/JPYs next support zone is at 108.500 and the next resistance zone is at 110.800.
Look for short-term selling opportunities of USD/JPY.
EUR/USD Outlook (13 August 2021)
Overall, EUR/USD is trending downwards.
Currently, EUR/USD is moving towards the resistance zone of 1.17600 and the next support zone is at 1.16300.
Look for short-term selling opportunities of EUR/USD.
GBP/USD Outlook (13 August 2021)
Overall, GBP/USD is ranging across.
The UK Preliminary GDP q/q (Actual: 4.8%, Forecast: 4.8%, Previous: -1.6% revised from -1.5%) released yesterday indicated a rebound in the UK economy during the second quarter from the first quarters negative growth.
Currently, GBP/USD is testing the support zone of 1.38000 and the next resistance zone is at 1.40000.
Look for short-term selling opportunities of GBP/USD if it breaks the support zone of 1.38000.
USD/CAD Outlook (13 August 2021)
Overall, USD/CAD is ranging across. Recently, USD/CAD bounced up from the key level of 1.25.
USD/CADs next support zone is at 1.24500 and the next resistance zone is at 1.26100.
Look for short-term buying opportunities of USD/CAD.
GBP/JPY Outlook (13 August 2021)
Overall, GBP/JPY is ranging across. Recently, GBP/JPY broke below the key level of 153.
The UK Preliminary GDP q/q (Actual: 4.8%, Forecast: 4.8%, Previous: -1.6% revised from -1.5%) released yesterday indicated a rebound in the UK economy during the second quarter from the first quarters negative growth.
GBP/JPYs next support zone is at 151.000 and the next resistance zone is at 153.800.
Look for short-term selling opportunities of GBP/JPY.
EUR/JPY Outlook (13 August 2021)
Overall, EUR/JPY is trending downwards.
EUR/JPYs next support zone is at 128.500 and the next resistance zone is at 130.000.
Look for short-term selling opportunities of EUR/JPY.
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