As the market started off with Australian Gross Domestic Product (GDP) which was better than expect , there is less movement in the market as we have much too look out for today.

GBP: Construction PMI to

USD :ADP Non-Farm Employment Change

CAD: BOC Rate Statement and Overnight Rate

but most of the trader would be waiting for Federal reserve Chair Janet Yellen speech as they would attempt to decipher interest rate clues.

Technical levels to look out for

AUD/USD

Upside : 0.7345 and resistance on  0.7382 a break above this level would take the pair to .07407 and 0.7435.

Down side: first support is at 0.7272 followed by 0.7250 and 0.7220.

GBP/USD

Upside : resistance at 1.5125 and 1.5167 a break above this level would take cable to 1.5200

Down side : First support is at  1.5050 and 1.4998 a break below this level would take GBP/USD to 1.4655 and 1.4925.

EUR/USD

It is very difficult to take a stance for EUR/USD as there are every important feeds yet to come form ECB Press Conference and bid rate which would be released tomorrow that could surprise the market. Decision on QE is much awaited and not to forget rate hike by US Fed is also yet to come on 17th (12:30 GMT+5).

As of today it is likely that ADP Non-Farm Employment Change would be in the expected range of 191k to 200k.

EUR/USD

Upside :First resistance at 1.0640 followed  1.0668 and 1.0720.

Down side : First support at 1.0592 and 1.0562.