Daily Forex Analysis - 15th June 2021

USD Overview (15 June 2021)

Yesterday, USD weakened against most major currencies except GBP, JPY and CHF.

The retail sales m/m data will be released later at 2030 (GMT+8).

- Core Retail Sales m/m (Forecast: 0.4%, Previous: -0.8%)

- Retail Sales m/m (Forecast: -0.6%, Previous: 0.0%)

NZD/USD Outlook (15 June 2021)

Overall, NZD/USD is ranging across.

NZD/USDs next support zone is at 0.71000 and the next resistance zone is at 0.72850.

Look for buying opportunities of NZD/USD.

AUD/USD Outlook (15 June 2021)

Overall, AUD/USD is ranging across. Recently, AUD/USD bounced up from the key level of 0.77.

The Reserve Bank of Australia (RBA) will be releasing the minutes for the previous monetary policy meeting later at 0930 (GMT+8).

AUD/USDs next support zone is at 0.75500 and the next resistance zone is at 0.78000.

Look for buying opportunities of AUD/USD.

USD/JPY Outlook (15 June 2021)

Overall, USD/JPY is trending upwards. Recently, USD/JPY trended up into the key level of 110.

Currently, USD/JPY is testing to break above the key level of 110. Its next support zone is at 108.500 and the next resistance zone is at 110.800.

Look for buying opportunities of USD/JPY if it breaks above the key level of 110.

EUR/USD Outlook (15 June 2021)

Overall, EUR/USD is ranging across. Recently, EUR/USD bounced up from the key level of 1.21.

EUR/USDs next support zone is at 1.19700 and the next resistance zone is at 1.21500.

Look for selling opportunities of EUR/USD.

GBP/USD Outlook (15 June 2021)

Overall, GBP/USD is ranging across. Recently, GBP/USD failed to break below the key level of 1.41.

Earlier today, UK Prime Minister Boris Johnson delayed the lockdown lifting by four weeks to 19 July.

The UK employment data will be released later at 1400 (GMT+8).

- Average Earnings Index 3m/y (Forecast: 4.9%, Previous: 4.0%)

- Claimant Count Change (Forecast: 25.0K, Previous: -15.1K)

- Unemployment Rate (Forecast: 4.7%, Previous: 4.8%)

Bank of England Governor Bailey will be speaking later at 2015 (GMT+8). During this time, there may be volatility in GBP.

Currently, GBP/USD is hovering above the key level of 1.41. Its next support zone is at 1.40000 and the next resistance zone is at 1.43500.

Look for short-term selling opportunities of GBP/USD if it breaks below the key level of 1.41.

USD/CAD Outlook (15 June 2021)

Overall, USD/CAD is ranging across.

The Canadian Housing Starts data (Forecast: 271K, Previous: 269K) will be released later at 2015 (GMT+8).

USD/CADs next support zone is at 1.21000 and the next resistance zone is at 1.22400.

Look for buying opportunities of USD/CAD.

GBP/JPY Outlook (15 June 2021)

Overall, GBP/JPY is trending upwards.

Earlier today, UK Prime Minister Boris Johnson delayed the lockdown lifting by four weeks to 19 July.

The UK employment data will be released later at 1400 (GMT+8).

- Average Earnings Index 3m/y (Forecast: 4.9%, Previous: 4.0%)

- Claimant Count Change (Forecast: 25.0K, Previous: -15.1K)

- Unemployment Rate (Forecast: 4.7%, Previous: 4.8%)

Bank of England Governor Bailey will be speaking later at 2015 (GMT+8). During this time, there may be volatility in GBP.

Currently, GBP/JPY is testing the resistance zone of 155.000 and the next support zone is at 153.000.

Look for selling opportunities of GBP/JPY if it bounces off the resistance zone of 155.000.

EUR/JPY Outlook (15 June 2021)

Overall, EUR/JPY is ranging across. Recently, EUR/JPY bounced off the support zone of 132.800.

EUR/JPYs next support zone is at 132.800 and the next resistance zone is at 134.300.

Look for short-term buying opportunities of EUR/JPY.