Technical Analysis
Daily Market Technicals
EUR/USD bounced from the daily Bolli base yesterday, now seen as key support at $1.3471. Daily studies are bearish but show signs of slowing,
Asian Currencies Technicals
AUD/USD continues to head higher and again traded above the 21 day upper Bollinger band ($0.9547). A break back below the Oct 7 low remains needed to
Another USD/JPY upside attempt in the making. SEK looks weak again.
EUR/USD: Another downside rejection (on failed fiscal impasse talks) wasadded yesterday. A 21day regression still points higher (notshown) as does the 21day high/low average.
Daily Market Technicals
EUR/USD held below the Oct 3 resistance line, now at $1.3554, after testing a little above, bears then tested the downside leaving a low at $1.3480 which has added to support.
Asian Currencies Technicals
AUD/USD took out the 38.2% Fibonacci level and spiked above the gently rising 21 day upper Bollinger band and Sept monthly high yesterday.
AUD is bid and GBP & JPY are offered in low volatility markets
EUR/USD: Intraday attempts higher within the range of late keep beingresponded to. Yesterday was no exception. Outside recent1.3485\1.3607 spikes is required to make any kind ofdirectional assumptions.
Daily Market Technicals
EUR/USD has left another long upper shadow after bulls tested above short-term resistance line from Oct 3 leaving a high at $1.3598 and new initial resistance.
Asian Currencies Technicals
AUD/USD has taken out $0.9484 and is approaching the 38.2% Fibonacci level and 21 day upper Bollinger band.
Another congestion day. Weaker JPY.
EUR/USD: Last week became the second week in a row that the marketspiked above 1.3569 hence repeating the weekly up-thrusttop pattern.
Daily Market Technicals
EUR/USD squeezes higher but remains below the resistance line from Oct 3 – initial resistance at $1.3574 – while the downside finds support from the
Inflation In All Its Guises
* Q3 CPI expected at 1.2% y/y, from 0.7% * BNZ survey points to LVR hit to housing
Weekly Forex & Interest Rate Outlook
NZD/USD Outlook: Neutral this week This week may be a replay of the last – strong NZ fundamentals countered by the continuing US fiscal crisis, resulting in a lack of direction.