Technical Analysis
Asian Currencies Technicals
AUD/USD briefly popped above the 21-DMA ($0.9119) and the $0.9131 level that previously supported on July 25.
GBP/CHF Technical Analysis
(1,4285) The GBP/CHF formed a positive outside day yesterday after a 1,4120 undershooting that gave us the opportunity to go long.
GBP/USD Technical Analysis
(1,5500) The CABLE confirmed a strong closing after a wild ride that cause a 1,5210 undershooting before propelling thereafter above 1,55.
USD/CHF Technical Analysis
(0,9210) The USD/CHF failed to confirm a rebound extending instead its drop toward 0,9200 where it is finding some support for now.
EUR/USD Technical Analysis
(1,3343) The EUR/DOLL is still well bid confirming a retest of the 1,3345 level with a small overshooting this morning above 1,3350.
USD/JPY Technical Analysis
(96,18) The USD/YEN confirmed further weakness as expected and of course another weak closing last night plunging below the 97 level on the way for a test of the 95 support area!!
EUR/JPY Technical Analysis
(128,50) The EUR/JPY confirmed last night a very weak closing breaking below the suggested neck line of a S_H_S formation.
More JPY strength. NOK/SEK liked lower.
EUR/USD: Yesterday’s downside attempt never made it to the confirmation point, 1.3233, before renewed buying pushed the pair up to a marginally (2pts) new correction high.
Daily Market Technicals
EUR/USD moves above the Feb 2013 res line to test $1.3345. Bulls already attempted to break above today but fades from an hourly high of $1.3344,
Asian Currencies Technicals
AUD/USD: Oversold daily slow stochastic, RSI and momentum indicators could be supportive of a bigger bounce for the pair with focus now shifting to the $0.9210 high from July 30.
GBP/CHF Technical Analysis
(1,4200) The GBP/CHF confirmed yesterday a session of consolidation forming a new inside day with 1,4320 – 1,4170 the levels to follow in the coming hours.
AUD/USD Technical Analysis
(0,8963) The AUSSIE confirmed a strong closing last night well above the top of the previous session that was already a positive day reversal;