Forex Strategies

Daily FX Wrap and Strategy

NZD/USD looked to test 0.82 last night, but bounced to sitat 0.8240 currently, down 0.1% for the day.

EUR/USD: We are not ready to flip the bearish view, but think it’s worth trimming the position,

Currency and interest rate markets are the focus leading into the NA open. Suddenly volatility has surged higher,

Today’s highlights: AUDUSD finally confirms a large top and we stay directly bearish for.9082 next, then .8982/56.

The NZD continues to make headway lower, havingfollowed the AUD lower over the past 24 hours.

EUR/USD: We see no reason to fight the trend. Any move close to 1.3000 is a sell,

Market price shifts from Monday’s NA close are relatively small but there are plenty of clues in markets that there is a major shift underway.

Today’s highlights: AUDUSD falls sharply to retest key support at .9244/38,

The NZD fell in line with its peers against the USDovernight, down 0.6% to 0.8280.

Markets are on weaker footing leading into the NA open, with the focus on the rising risk of Scotish Independence and

Today’s highlights: GBPUSD’s break below 1.6283/52 warns of further weakness to

The NZD benefitted from a mild USD sell-off on Friday,rising 0.2% against the USD to 0.8330.