Latest Forex Research
Aussie Currencies Technicals
The $0.9322 support confirmed its significance last week with the AUD/USD having bounced from ahead of this level on Wednesday and Friday.
Short-Term Trading Strategies
EUR/USD is still trading at the low end of its recent range, and a test of the critical 1.3500 support proved to be short lived.
USDJPY – extension targets align at 101.80 pivot high for n/t rally
The downtrend (channel) from 102.80 is still intact but a higher low is now in place above 101.07 as last week’s decline halted 2 pips above.
Daily FX Update
A cautious but calm start to week with soft equities, U.S. 10yr yields at 2.48%, and a rise in the USD.
EUR Mid-day Analysis
While the Euro showed some initial recovery action overnight, the technical and fundamental setupremains in favor of the bear camp.
JPY Mid-day Analysis
There continues to be just enough global geopolitical uncertainty to underpin the Yen near its recent highs.
CHF Mid-day Analysis
The Swiss was unable to return to its recent highs and that would seem to confirm a continuation of adown trend that has basically been in place since early May.
USD Mid-day Analysis
The Dollar is starting the week in a positive fundamental and technical position. In addition to residualsupport from positive US data at the end of last week,
CAD Mid-day Analysis
The Canadian has a decision to make this week as it appears to have shut off theaggressive slide that started earlier this month.
GBP Mid-day Analysis
With residual geopolitical anxiety and weaker equities to start the new trading week, the Pound shouldremain in a profit taking bias.
FX Daily Majors
Today’s highlights: URUSD needs to remove the 1.3477 low for the year to confirm a large bear “wedge”.