Analisa Forex 19 Mei 2015
The US dollar weakened
last week as the series of worse than expected economic data from the US
continued. At the beginning of the new week American currency
experienced some correction.
EUR/USD slid to 1.1380
after it had found resistance at 1.1450. Traders were taking profits as
the euro approached the key level of 1.1500. In addition, concerns about
Greece have increased as the nation’s financial position is extremely
fragile. On Tuesday watch the release of German ZEW economic sentiment
index and the euro area’s final April CPI at 09:00 GMT. Support lies at
1.1290 and 1.1185.
GBP/USD fell to 1.5650
after finding resistance in the 1.5800 area. Deeper retracement down is
likely. Watch the UK inflation data at 08:30 GMT. Support is at 1.5570
and 1.5500 ahead of 1.5400.
USD/JPY rose to 119.75. Resistance is at 119.88 and 120.15. Support is at 119.15. Range trading continues.
AUD/USD is testing
levels below 0.8000. Aussie was affected by comments of the Reserve Bank
of Australia Deputy Governor Lowe who said that the central bank still
can lower interest rates further. Early on Tuesday the RBA will release
the minutes of its May meeting when it cut the benchmark interest rate
to 2%. Support is at 0.7950, 0.7900 and 0.7800.