Forex Market
Asian Currencies Technicals
AUD/USD: More $1.0290-$1.0420 To Come. Sideways trading continues for the AUD/USD with more $1.0290-1.0420 trading expected to end the week.
Daily Market Technicals
EUR/USD: Breaks Above 1-Month Resistance Line. Euro has broken above the 21-day moving average and also a 1-month resistance line, with break above $1.2876 seen triggering further short-covering.
Technical Analysis
Again an initially weak euro later turning bid, leaving us with downside spikes in EURUSD, EURGBP and more.
GBP/USD Analysis
Closed in NY at $1.5953, just off NY recovery highs of $1.5956 after rate had corrected off earlier intraday lows at $1.5883.
EUR/USD Analysis
Closed in NY at $1.2828, holding firm into the close (ahead of today’s Thanksgiving holiday) after recovering off intraday lows (Asia, Europe $1.2755) at $1.2736.
Asian Currencies Technicals
AUD/USD: Choppy Trading To Continue. The AUD/USD continues to trade in a choppy fashion and needs to manage close above the Nov 20 highs to re-ignite topside focus.
USD/JPY Analysis
The pair is likely to trade with a firm tone today in Asia amid lingering expectations for more pro-active monetary easing in Japan and deteriorating trade balance.
Mid-Day FX Market Analysis
EUR: Opened early Europe at $1.2750, Euro remained defensive but held above $1.2800 in light Asian trade as markets awaited a decision from eurozone ministers on Greece.
Technical Analysis
EURUSD just steered sharply south from favored 1.2820\30 resistance. 1.2690 is next key ref below to be watched…
Daily Market Technicals
EUR/USD: Strong Resistance Noted At $1.2826/40. Strong topside resistance come in at $1.2826/40, where forme is the 21-day moving average and latter is the value of the 1-month resistance line.
USD/JPY Analysis
Yen remained defensive as dollar took out the Y81.75 barrier barrier to print fresh 7 month highs of Y81.76, before late profit take sales eased to Y81.68 around the NY close.
GBP/USD Analysis
Cable closed in NY at $1.5923, the rate recovered off pullback lows of $1.5908 after earlier posting a high of $1.5936.