Jan. 17: American session
The EUR/USD fell to a session low 1.3555 after the occurrence of negative statistics on the construction of new homes in the United States. Note that the pair decreases almost from the opening. But in the 1.3550-1.3560 area has quite a considerable area of demand, which may cause the market to turn up. British currency today soared by nearly 140 pips to around 1.6460 Dolar by a significant growth in retail sales in the monthly and annual terms. The pair GBP/USD is consolidating in the range of 1.6430-1.6460.
USD/CHF has rebounded again to 0.9100 figure, where trading at the moment. Perhaps the bulls will try to new highs two days ago. Currency pair USD/JPY today can choose from a range 104.20-104.45, but bears are increasing pressure on the support of 104.20. In case of breaking this level will wait for prices under the figure of 104.00.
Australian dollar just updated yesterday's lows against the American. The AUD/USD touched 0.8765 mark, and then rebounded to the level of 0.8785. Consolidation here, obviously, will be continued. But New Zealander now losing about 100 pips, despite the fact that yesterday, to hold above 0.8300 figure. Today the pair NZD/USD to around 0.8260, where it found support. Now the bears are trying hard to continue the downtrend.
Currency pair USD/CAD has once again flew to the recent highs 1.0980, but bulls were again powerless before this level. Now there is a corrective decline in the area of 1.0950, but a high probability of falling to 1.0930. Upward trend is still relevant.
Tatiana Norkina, FBS analyst