Feb. 4: American session
The EUR / USD today again failed to overcome the resistance level of 1.3525 . All efforts bulls correct currency pair were in vain . After another unsuccessful attack rates back to 1.3500 support and is currently consolidated just above . Strengthening of the U.S. dollar contributed to the statistics on production orders . Figure came less negative than analysts had expected . Unexpected increase in business activity in the construction sector in the UK to reach 64.6 points slowed pair falling GBP / USD. The pair jumped to the level of 1.6340 , after which he returned to the support at 1.6300 . While bulls continue to pressure . Trades are conducted in the area of 1.6315 .
USD / CHF has stabilized at this time above the 0.9000 figure and resumed recovery. The pair reached a session high at 0.9060 , followed by 0.9045 area adjusted . Bullish market participants strengthened. The dollar strengthened today against the Japanese yen . USD / JPY has rebounded to 101.60 resistance , forming here the session high. But before further growth figure to 102.00 can go back to 101.20 support .
RBA keeping interest rate at 2.50 % had a bullish impact on the market of commodity currencies . The AUD / USD soared almost 180 pips from the opening level and braked at the powerful resistance 0.8920 . Currently the market is consolidating just below , just above the 0.8900 figure . Pair NZD / USD rose as much as modified 0.8180 resistance area . Overcome this level of bulls will be difficult.
USD / CAD pair today holds just above support at 1.1075 , where it dropped after two attempts to overcome the resistance of 1.1110 . Short-term trend remains bearish .
Tatiana Norkina , an analyst at FBS