Forex Market
Asian Currencies Technicals
AUD/USD: Tests Upper Bollinger Band. Fresh nearly 3 month highs for the AUD/USD see the 21 day upper Bollinger band retested with spikes above expected until a close back below the 21-DMA is seen.
Mid-Day FX Market Analysis
EUR – Opened early Europe at $1.2956, Euro-dollar closed in NY at $1.2943 after extending its recovery off the week’s opening lows around $1.2880 through the day to a high of $1.2947.
Technical Alert
EURUSD is set on a correctional recovery, likely to meet resistance at 1.2960\75 or no later than 1.3020? NZDUSD is testing Sep?s best at 0.8357,
Daily Market Technicals
EUR/USD: Bears Met Support At $1.2880, Encouraging Bulls. The pair met support around $1.2880, the low of Nov 28, while daily studies appear to be slowing in their descent.
GBP/USD Analysis
Closed in NY at $1.6077, after rate had seen an impressive recovery rally through the NY session to a high of $1.6096 before it eased off to $1.6064, recovering into the close.
EUR/USD Analysis
Closed in NY at $1.2943 after extending its recovery off the week’s opening lows around $1.2880 through the day to a high of $1.2947.
Asian Currencies Technicals
AUD/USD: Falls Short Of Initial Resistance. While the AUD/USD remains supported ahead of the $1.0429-42 region potential remains for a tests of the Sept monthly highs with a close above the $1.0518 level needed to kick start topside momentum.
Mid-Day FX Market Analysis
EUR – Opened early Europe at $1.2903, Euro-dollar closed in NY Friday at $1.2927 after rate had recovered off post US jobs data lows of $1.2876 to $1.2951 on source reports on the break down of voting on the ECB board.
Technical Analysis
It seems like the common currency remains under pressure with EURUSD already back testing the support it bounced off Fri. Below 1.2840 would add to the burden it must already feel…
USD/JPY Analysis
Dollar-yen closed in NY Friday at Y82.50 after rate had again been rejected from around Y82.84, on initial reaction to the strong US jobs data, with rate pressed to lows of Y82.24 ahead of the close.
Daily Market Technicals
EUR/USD: Bears Eye $1.2840 As Daily & Weekly Studies Slide. The pair continues to correct lower, making lower lows and lower highs as daily studies also slide.
GBP/USD Analysis
Closed in NY Friday at $1.6039 after recovering from post US jobs data lows at $1.6002 to $1.6044. Rate was pressed back to $1.6023 into early Asian trade, as rate tracked early pressure on euro-dollar,