Technical Analysis
Weaker yen with higher US bond yields
EUR/USD: Nothing much is cooking after ECB over boiled the kettle lastweek. The near-term “Triangle” is normally a continuationpattern and
Asian Currencies Technicals
After remaining capped on attempts higher at the 21-DMA last week AUD/USD continued its move lower to start the new week and managing a close below the 55-DMA.
Daily Technical Report
EUR/USD failed last Friday to move below therecent low at 1.3296 (see also the 50%retracement), increasing the odds of a shorttermbounce.
€/$ – 1 more low. USD/NOK violated the 6.14 key res.
EUR/USD: The lower high and higher low printed Friday indicates thatwe are in the process of constructing a bear triangle.
Daily Market Technicals
EUR/USD: The move lower Thursday was followed up by an inside day and a relatively bearish close to end last week. The $1.3450 level confirmed its significance on Friday
Markets Outlook – Dear Prudence
With the Reserve Bank intent on slowing house price inflation, who can ignore its six-monthly Financial Stability Report (FSR), due Wednesday 9am.
Asian Currencies Technicals
After remaining capped on attempts higher at the 21-DMA last week the AUD/USD continued its move lower, dipping below both the 55-DMA ($0.9376) and
USD/SCANDIES we like….a lot. USD/CAD to follow.
EUR/USD: So with the drop below 1.3449 the recent peak at 1.3548was confirmed being the end of the minor upside correctionand accordingly the market continued lower after passingthe support.
Daily Market Technicals
EUR/USD: The move lower overnight took out and closed below the rising daily channel base of July monthly low with the pair having remained capped at the somewhat pivotal $1.3450 level since.
Asian Currencies Technicals
AUD/USD: The 21-DMA confirmed its significance as initial resistance capping the move higher again yesterday before the aussie headed sharply lower, pausing above the Nov 1 low.
Still a € & $ waiting game. €/SEK & €/NOK upside risk
EUR/USD: Also yesterday the market continued to consolidate,digesting the impulsive decline last week. With a minimumcorrection target, 1.3535,