Daily Outlook 18-08-2014

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Daily Outlook 18-08-2014 Aug 18, 2014
EUR/USD The pair is expected to find support at 1.3367, and a fall through could take it to the next support level of 1.3336. The pair is expected to find its first resistance at 1.342, and a rise through could take it to the next resistance level of 1.3442.Going forward, trading trends in the Euro today would be governed by Euro-zone’s trade balance, scheduled in a few hours.

GBP/USD The pair is expected to find support at 1.6694, and a fall through could take it to the next support level of 1.6658. The pair is expected to find its first resistance at 1.6749, and a rise through could take it to the next resistance level of 1.6768.Amid lack of economic releases from the UK today, trading trends in the Pound today would be governed by global news/events.

AUD/USD The pair is expected to find support at 0.9299, and a fall through could take it to the next support level of 0.928. The pair is expected to find its first resistance at 0.9337, and a rise through could take it to the next resistance level of 0.9356.Amid lack of economic releases from Australia today, investors would keenly await tomorrow’s minutes of the latest RBA policy meeting.

USD/CHF The pair is expected to find support at 0.9009, and a fall through could take it to the next support level of 0.8990. The pair is expected to find its first resistance at 0.9059, and a rise through could take it to the next resistance level of 0.9090.

http://www.commexfx.com/daily-outlook-18-08-2014/

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