EUR / USD
The EUR declined 0.05% against the USD and closed at 1.1088 .
EUR/USD surged on Monday enjoying one of its highest one-day gains in nearly a month, as investors await the Federal Open Market Committee's two-day meeting starting on Tuesday for further hints on the timing of a highly-anticipated interest rate hike.
The pair is expected to find support at 1.0997 , and a fall through could take it to the next support level of 1.0900 .
The pair is expected to find its first resistance at 1.1161 , and a rise through could take it to the next resistance level of 1.1228 .
GBP / USD
The GBP declined 0.11% against the USD and closed at 1.5560 .
GBP/USD has been on the bid in a weaker dollar environment again, while we await the week to unfold with plenty of data to keep us on our toes.
The pair is expected to find support at 1.5504, and a fall through could take it to the next support level of 1.5446 .
The pair is expected to find its first resistance at 1.5608, and a rise through could take it to the next resistance level of 1.5654 .
AUD / USD
The AUD rise 0.72% against the USD and closed at 0.7268 .
The mid-Asian session witnessed a fresh demand for the Australian dollar, lifting AUD/USD to fresh session highs above 0.73 handle, largely on positions unwinding ahead of key – FOMC statement scheduled for release on Wednesday.
The pair is expected to find support at 0.7254 .and a fall through could take it to the next support level of 0.7231 .
The pair is expected to find its first resistance at 0.7312 , and a rise through could take it to the next resistance level of 0.7347 .
USD / JPY
The USD decline 00% against the JPY and closed at 0.0081 .
The US dollar reversed mild gains and fell into the negative territory against its Japanese counterpart in the Asian morning, knocking-off USD/JPY to session lows near 123 handle. The major lost ground once again and sipped in the red as the yen remains well bid on risk-aversion amid China turmoil.
The pair is expected to find support at 122.93, and a fall through could take it to the next support level of 122.58.
The pair is expected to find its first resistance at 123.71, and a rise through could take it to the next resistance level of 124.14.
XAU / USD
Gold Declined 0.14% against the USD at 1,096.90 .
Gold prices on Comex dropped in Asia, having failed to reclaim 1100 threshold in the previous session, as sliding Asian equities and broadly softer greenback offers little support to the yellow metal.
The pair is expected to find support at 1094.00 , and a fall through could take it to the next support level of 1093.10 .
The pair is expected to find its first resistance at 1095.90 , and a rise through could take it to the next resistance level of 1096.90 .
- See more at:
https://www.hiwayfx.com/market-news/daily-market-outlook-28072015#sthash.UT55RFeg.dpuf