Forex-Metal Daily Analysis - 27/04/2011

Forex-Metal

Master Trader
Jul 12, 2010
428
0
52
USD/CHF hits new historical minimum.

Asian and European trading sessions:

US Dollar: On Tuesday morning the US dollar strengthened. But during the European trading session the greenback dropped in anticipation of the FRS meeting, planned for Wednesday. It is expected that the interest rate would be left unchanged as well as the current monetary policy.
Euro: The EUR/USD pair grew and reached the $1,4600 level against the background of the weakening greenback. $1.4652 maximum was reached during the European trading session.
British Pound: The GBP/USD pair grew to the $1,6500 mark following the euro growth. European trading session showed maximums of $1.6533 level.
Japanese Yen: USD/JPY pair is trading in the range of Y81.55 – Y81.80.
Oil: Oil traded at the level of $111.10 per barrel.
Gold: Gold is trading at the level of $1501.25 per ounce, which is below the maximum which has been reached on Monday. Gold is under pressure due to fixing profits by the investors.

American trading session:
Swiss Frank: Demand for the risky assets dropped, and the USD/CHF hit new historical minimum at the level of 0,8750.
US Dollar: During the American trading session the greenback continued to drop. Negative US fundamentals pressured the national currency. The S&P Case-Shiller composite-20 index decreased for 3.3% compared to the previous year.
Market participants are waiting for the results of the head of the FRS, Ben Bernanke, press conference after the FOMC meeting.

Technical analysis for 27/04

EURUSD
The pair is aiming to test 1.47342.
Resistance: 1.47342, 1.48550, 1.49592
Support: 1.46222, 1.44400, 1.42996
GBPUSD
The pair has reached 1.65706 and rolling back to 1.64636.
Resistance: 1.65706, 1.64636, 1.67165
Support: 1.63316, 1.62050, 1.60322
USDCHF
The pair has broken 0.88418 and declined to 1.87214.
Resistance: 0.88418, 0.89635, 0.91079
Support: 0.87214, 0.85939, 1.84685
USDJPY
The pair has reached 81.399.
Resistance: 82.219, 83.065, 83.933
Support: 81.399, 80.438, 79.707
AUDUSD
The pair has reached 1.08412 and may roll back to 1.07739.
Resistance: 1.08412, 1.09112, 1.09782
Support: 1.07739, 1.06164, 1.05332