Technical Analysis
Asian Currencies Technicals
AUD/USD rallied on Friday only to pause ahead of the $0.9221 Aug 12 high. Initial support is now noted at the 21-DMA but the $0.9058 Aug 15 lows remain key this week.
Markets just made a fine mess of – almost everything… USD AND S&P500 simultaneously weaker?
EUR/USD: Europe went home at ~1.3250 and comes back to market a full big fig higher… Don’t see what this might bring,
Daily Market Technicals
EUR/USD leaves a long white candle with a long lower shadow while bulls close above the Feb 2013 former res line, now part of initial support at $1.3291/3300.
Asian Currencies Technicals
AUD/USD looks set to remain confined to the recent broad $0.9058-0.9190 range seen on Thursday to end the week with the
GBP, AUD & SEK stronger and USD is somewhat weaker
EUR/USD: The bounce from Tue’s low has become somewhat bigger than initially thought.
Daily Market Technicals
EUR/USD held above the 23.6% level again and allowed bulls to retest the Feb 2013 res line and also the 5-DMA at $1.3290/94, a level it already broke above.
Asian Currencies Technicals
AUD/USD: The $0.9111 level that capped late in NY on Tuesday and in Asian trading Wednesday is now seen as pivotal hourly support.
FX Techs
The USD received an extra push yesterday via the publication of positive US fundamental data so that the recent recovery gained momentum across the board.
The dollar takes a small breather before up again
EUR/USD: The bounce from yesterday’s low is not major, but should ideally come in a 3-wave fashion (“A-B-C”).
Daily Market Technicals
EUR/USD leaves a third black candle almost making black crows candle pattern, but yesterday bulls managed to close above 23.6% $1.2755-1.3400,
Asian Currencies Technicals
AUD/USD: The close below Monday’s low sees the continuation of the recovery off the 2013 lows in doubt with immediate focus having shifted to a test of the $0.8970 Aug 8 low.
GBP/CHF Technical Analysis
(1,4350) The GBP/CHF is overall still consolidating interior the positive outside day with 1,4355 – 1,4105 still the levels to follow in the coming hours.