Monday, April 20, 2015

MONDAY, APR 20 The Week Ahead - April 20 2015

FXStreet ::: Economic Calendar


MONDAY, APR 20
The Market is expecting a stable number as previous & on daily chart NZDUSD passed last Friday resis level 0.7695 & in case we got a green number for CPI we might see the price jumping above that resis level & hold above it. 
In a time when USDCAD is building resis levels from top & each one is under the previous one, the last strong resis on daily chart is at 1.2668 level... BoC Gov speech might give the push needed for USDCAD to correct more. 
AUDUSD on daily chart built a strong support at 0.7530 & currently the price is at 0.7770 & the RBA Gov speech might give us hints if AUDUSD might continue the correction up or if the general RBA sentiment still more weakness for AUD during the next months. 
TUESDAY, APR 21
Also this event from RBA might give us hints what next on AUDUSD chart for the next months. 
WEDNESDAY, APR 22
The Market is expecting a red number for CPI & in case that happened we might see AUDUSD retesting imp support levels. 
The Market is expecting that all the votes will be to hold rates, same as the previous vote & the last vote was in Mar 18 2015 & currently GBPUSD is trying to hold above 1.50 psycho level & in case it manage to hold above that level for a long time it might attract more buyers & in case it fail to hold & dive toward 1.49 again, then it might attract more sellers.  
FRIDAY, APR 24
EURUSD is currently correcting after building a strong support at 1.04 & price is at 1.08... EURUSD did tested the res level of 1.11 till now 2 times & in case it manage to reach it again & to hold above it... then we might see a serious correction which will attract more buyers. 
The Market is expecting a green number & in case that happened during the last day of this week, the US Dollar might push all majors down & let them retest imp support levels. 
Happy Trading, 

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