Technical Analysis
Asian Currencies Technicals
After remaining capped at the 21-DMA on Thursday, the AUD/USD put in lower lows and highs to end the week as the pair heads towards initial support at the $0.9390 low from Oct 4.
The big losers were EUR & SEK on the other side of the scale you find CAD
EUR/USD: The downmove got legs yesterday. The big print left in thewake of the number fueled selling spree hosts mid-body pointresistance around 1.3660,
Daily Market Technicals
EUR/USD posts a huge black candle to close the month, sliding through support to close just above the 38.2% at $1.3554, however price action today already slipped below.
Continued $ recovery + weakening SEK = buy $/SEK
EUR/USD: Having passed FOMC and the 1.3733 mid body point thedoor has been opened to lower levels. We will next focus atthe Oct 3 peak, 1.3647,
Daily FX Wrap and Strategy
The NZD/USD traded a fairly tight trading ahead of this morning’s US FOMC meeting. Breaking lower after the meeting it sits around 0.8200 currently.
Asian Currencies Technicals
AUD/USD: Lower lows and highs continue for the aussie with Wednesday’s bounce remaining capped ahead of the 21-DMA ($0.9525) and the initial resistance at $0.9521.
$ recovering ahead of FOMC
EUR/USD: The market has now, with the 1.3733 drop, likely adjustedthe positioning ahead of tonight’s FOMC meeting.Yesterday’s price action,
Daily Market Technicals
EUR/USD tested above $1.3800 again but failed here and instead closed at its lowest in 10 days. Bulls may attempt to retest above $1.3800 but
Asian Currencies Technicals
Lower lows and highs continue with the AUD/USD closing below the 21-DMA on a bearish note in NY. Immediate focus for the pair remains on a test of the $0.9390 Oct 4 low with
Extended losses for commodity ccy’s.
EUR/USD: With also a third consecutive day failing above the 1.3803equality point (between the July/Aug & Sep/Oct rise) buyersappears to be running out of steam.
Daily Market Technicals
EUR/USD failed to test $1.3832 and now closed back below $1.3800, which suggests upside risk weakened. Daily studies may be reversing lower,
Asian Currencies Technicals
AUD/USD: The $0.9624 level confirmed as initial resistance with the pair remaining capped just short of this level to start the new week.