Technical Overview of EUR/USD, NZD/USD and GBP/USD Currency Pairs EUR USD The EUR traded lower against the USD and closed at 1.1388. FED Chair Testimony in the Congress or its individual committees (for example, the Joint Economic Committee) describes the current prospects of the US economy and explains Fed's recent actions related to the monetary policy. The statement consists of two parts: the Fed 's Chair testimony and a series of questions and answers. The second part may have a strong short-term impact on dollar quotes. According to the Analysis, The pair is expected to find support at 1.13552, and a fall through could take it to the next support level of 1.13219. The pair is expected to find its first resistance at 1.14119, and a rise through could take it to the next resistance level of 1.14353. Previous Day range was 56.7 and Current Day Range is 17.1. NZD USD The NZD traded higher against the USD and closed at 0.6882. Pending Home Sales m/m reflect the number of home sales contracts signed in the given month as compared to the previous one. Since a contract completion takes an average of 6-8 weeks, Pending Home Sales is a leading indicator of the US housing market forecasting final sales for two months in advance. The indicator growth can have a positive effect on dollar quotes. The pair is expected to find support at 0.68673, and a fall through could take it to the next support level of 0.68532. The pair is expected to find its first resistance at 0.68991, and a rise through could take it to the next resistance level of 0.69168. NZD USD previous Day range was 31.8 and Current Day Range is 18.8. GBP USD The GBP traded lower against USD and closed at 1.3249. Markit/CIPS Manufacturing PMI is calculated by Markit together with the Chartered Institute of Procurement & Supply (CIPS). It characterizes the state of the industrial sector. The index is calculated based on surveys of purchasing managers in the manufacturing sector. The mangers answer a number of questions about the production development, as well as their economic and financial expectations. The survey data is compiled into a leading indicator of overall economic performance. A reading above 50 indicates growth in the sector and can have a positive effect on the pound quotes. According to the analysis, pair is expected to find support at 1.31353, and a fall through could take it to the next support level of 1.30218. The pair is expected to find its first resistance at 1.33242, and a rise through could take it to the next resistance level of 1.33996. GBP USD previous day range was 188.9 and current day range is 19.9.