Technical Analysis

Last week we saw the greenback ending on the strong side and equities, eur, jpy and commodities on the weak side.

We are mainly looking for more of the same given that EURUSD has violated 1.2825 = sub 1.2804 (possible 1.2770 enough for the day), USDJPY stronger resistance 80.68/85, AUDUSD posted a bearish key day reversal candle suggesting that 1.04+ capping for now, Commodities heading lower with oil now catching up with industrial metals, EURSEK erratic sideways consolidation but with a downside bias, USDSEK again trying it at/above its neckline, EURNOK spiked at an interesting point, NOKSEK offers/sellers showed up ahead of the 1.1750 res (bids returning 1.1655?), EURCZK breaking higher again, EURPLN buyers response created huge spike, BOND yields and in particular Bunds lower, S&P500 close to a bearish key day reversal candle.

Click here to read the full report: Technical Alert

 

SEB tech team