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AUD/USD Analysis

The pair closed in NY at $0.9031 overnight after having traded a $0.8983-0.9049 range on the day.

Yet another dip below $91.50 has lacked follow through with bulls taking comfort in the bounce back towards the 21-DMA.

The pair opened at $1.2940 this morning in Asia, after rising as high as $1.2980 during yesterday’s Asian session.

The pair closed in NY Monday at $1.6233 after rate had corrected back from a European morning recovery high of

Stoxx50 has now broken the rising daily channel base with initial support noted at Thursday’s 3216.3 low.

The pair started out at Y107.19 as Japanese traders returned from their 3-day holiday weekend.

The $1.2989 resistance level confirmed its significance with the EUR/USD pulling back from ahead of this level to start the new week.

The NZD/USD pushed higher overnight to sit at 0.8180 thismorning.

The dip below $0.9000 to start the new week traded below the 61.8% Fibonacci support by a couple of pips before bouncing

EUR/USD: took out resistance above 1.2950-60 to a high of 1.2980 on a short squeeze in New York trading on Friday.

The EUR/CHF cross has traded in a wide range around Chf1.2100 in recent sessions,

EUR/USD: Momentum strongly pro-decline. Euro clearly oversold. From technical point of view,