Technical Analysis
Daily Market Technicals
EUR/USD held between the 50.0% and 38.2% of $1.3105-1.3832 while bears failed to test the Jul 10 support line yesterday. Daily studies are slowing near oversold levels so failure by bears to
Asian Currencies Technicals
AUD/USD: The 21-DMA confirmed its significance as initial resistance capping the move higher again yesterday. A close above the 21-DMA remains needed to end hopes of retests of the $0.9390 level,
Markets in waiting game ahead of ECB & NFP
EUR/USD: A second attempt below 1.3450 has been responded to.Perhaps there isn’t much directional fuel to burn ahead ofECB tomorrow and NFP on Fri,
Daily Market Technicals
EUR/USD continues to test the Jul 10 support line after bears bounced from it yesterday, it remains as key support now at $1.3453 and a break below likely targets the Sept 6 low at $1.3105.
Asian Currencies Technicals
AUD/USD: The 21-DMA confirmed its significance as initial resistance yesterday. A close above the 21-DMA remains needed to relieve the bearish focus that is targeting retests of the $0.9390 level,
Softer commodities and commodity currencies (AUD, CAD & NOK)
EUR/USD: We got the small bounce we were looking for all right, nowthe stage is set for sellers to reenter ahead of 1.3535. If theydo and they close the market low,
Daily Market Technicals
EUR/USD bounced from Jul 10 support line yesterday to close the session a little higher despite bearish daily studies. Bears eye a retest of the support line at $1.3445,
Asian Currencies Technicals
AUD/USD continues to bounce from ahead of the $0.9390 Oct 4 low with the 21-DMA remaining initial resistance. A close back above the 21-DMA remains needed to
Technician
EUR/USD Combination of 1.3488 level and 60-day moving average may at least sloe down decline.
The euro is kept on the back foot
EUR/USD: After two days of losses, buyers have responded at supportnear an earlier ref cluster (1.3472/53), at the high end of theFibo adjusted short-term “Ichimoku cloud” and
Daily Market Technicals
EUR/USD continued its descent to approach the support line from Jul 10, now at $1.3437 and key initial support as the pair bounced from here already.
Markets Outlook – A Laboured View On Housing
Currently, there’s lots of excitement about the housing market. The prevailing wisdom is that a pullback in lending, driven by the RBNZ’s imposition of LVR restrictions.