Latest Forex Research

USDJPY – small wave-iv pullback completing; the wave-v to new highs

Still well within its Nov/Dec up channels.

The pair closed in NY Monday at $1.5649 after rate had recovered off an early Europe extended low

The bearish close and hesitation ahead of the 3302.9-3316.8 region is a little concerning for bulls.

AUD had a poor day as it traded to a series of new recent lows to eventually post

The pair opened at $1.2317 on Tuesday, having recovered from a NY range of $1.2247 to $1.2344.

The bounce from ahead of the $1.2241 support and falling daily trend line projection

The pair opened at Y120.69 after trading a NY range of Y120.21 to Y121.14.

IMM data released on Friday revealed that investors for the second consecutive week reduced their short EUR positions.

AUD/USD profile lowered across the forecast horizon.

Recent monthly economic indicators and business surveys show continued moderate global economic growth

Bottom line: Not a bad survey result; some retracement in Business conditions (+5 after +13) and

The NZD has been the worst performer amongst its peers over the past 24-hours.