Forex-Metal Daily Analysis – 23/09/10

The greenback still stays under pressure. Asian and European trading sessions:
Euro: The euro received some support in the threshold on the state bond auction in Portugal, which was expected to show good results, following Spain and Ireland.
The EUR/USD pair set maximums at the level of $1,3400. 
US Dollar: The greenback continued its negative dynamics on Wednesday as a result to the FOMC meeting from yesterday and the announcement that principal rate would stay at the low level during the extended period.
The speculations that the FRS would be ready to continue the weakening policies, pressured the greenback.
British Pound: The sterling grew and reached the $1,5620 mark.
The Bank of England released their minutes for September, where Andrew Sentance continued to vote for the interest rate raise.
Japanese Yen: The USD/JPY pair decreased below the Y85,00 mark.
New-Zealand Dollar: Expectations for the release of the New-Zealand GDP data, which is forecasted to show growth, rendered support to the national currency.
Oil: Oil rate traded around the $75.33 level per barrel.
Gold: Yellow metal is consolidating around the $1,294 price per ounce. American trading session:
Canadian Dollar: The released data of the retail sales for July in Canada dropped for 0.1% compared to the forecasted growth for 0.6%, which pressured the Canadian dollar.
Japanese Yen: The yen continues to strengthen against the major currencies, which reinforce concerns over the possibility that Japanese government would interfere with currency market again.
Euro: The results of the government bond auction in Portugal were positive, and the euro continued to consolidate against the greenback.
New-Zealand Dollar: The released New-Zealand GDP data demonstrated a significant unexpected decrease.
Technical analysis for 23/09 EURUSD
The pair is aiming to the next resistance at 1.34882.
Resistance: 1.34882, 1.35984, 1.37486
Support: 1.33143, 1.30901, 1.30277
GBPUSD
The pair has risen to the resistance 1.56722. If the pair stays above this level the pair will rise to 1.58543. If the pair closes below 1.56722 the pair will drop to 1.54842.
Resistance: 1.56722, 1.58543, 1.60322
Support: 1.54842, 1.52523, 1.50581
USDCHF
The pair has broken 0.99066 and aiming to test 0.97915.
Resistance: 0.99066, 1.00209, 1.01498
Support: 0.97915, 0.96616, 0.95006
USDJPY
The pair is correcting after a sharp rise and broke support 85.161. Next aim of correction is at 84.260.
Resistance: 85.161, 86.246, 87.014
Support: 84.260, 83.330, 82.219
AUDUSD
The pair has broken 0.94898 and aiming to 0.96392.
Resistance: 0.96392, 0.97715, 0.98436
Support: 0.94898, 0.93788, 0.92170