Thursday ended with the EUR/USD being high above of local resistance of 1.10. What's the target now?
Aussie and Kiwi are nearly intact vs. US dollar in late trade
On Wednesday, the Australian as well as New Zealand dollars were nearly intact versus their American rival after the publication of positive Australian data. Additionally, market sentiment remained backed worldwide.
The currency pair AUD/USD was intact, sticking to 0.8026.
Earlier, the Westpac Banking Corporation informed that consumer sentiment leapt by 2.5% in September after a 1.2% sag last month.
Meanwhile, market sentiment kept improving because Hurricane Irma have caused less damage than previously anticipated. Moreover, financial markets appreciated the absence of any fresh provocations from North Korea.
Aside from that investors seemed to neglect North Korea’s rejection of sanctions recently imposed by the UN Security Council.
On Monday, the Security Council voted to increase sanctions on the isolated regime, thus responding to its sixth nuclear test.
The currency pair NZD/USD was nearly intact demonstrating an outcome of 0.7290.
The Reserve Bank of Australia will publish its statement and announce the interest rate on July 7, at 7:30 MT time.
The overall market sentiment was mixed after the USA recorded the largest increase in virus cases since May 9. The data even offset the better-than-expected NFP.
The risk-on tone is back on the market again. Let’s look at main trading opportunities.