Technical Analysis
Daily Market Technicals
EUR/USD left another lower high and lower low while daily studies descend. However, weekly slow stochastic rises as the pair struggles to close below the key 23.6% level at $1.3206.
USD/CAD Technical Analysis
(1,0399) The USD/CAD confirmed a strong closing on Friday after Thursday’s one suggesting further s/t upside potential.
Labour Market, Dairy In Focus
While Wednesday’s labour market data are the most important data this week, the news around Fonterra’s Saturday announcement has generated much comment.
Asian Currencies Technicals
AUD/USD is little changed from Friday’s opening level but continues to remain bearish with the $0.8771 Aug 2010 monthly lows remaining targeted.
Weekly FX Technical Outlook
EUR/USD Choppy trading over the past few days leaves EUR/USD ending the week still looking overbought
The dollar is coming out stronger again
EUR/USD: Yesterday’s candle is the most bearish daily print in almost a month. The short-term RSIs are showing loss of upside momentum and downside pressure increase.
Daily Market Technicals
EUR/USD descends from the spinning-top after testing the Feb 2013 resistance line now at $1.3321, while daily studies reverse to the downside.
Asian Currencies Technicals
AUD/USD continues lower with the $0.8771 Aug 2010 monthly lows targeted. The closes below the 21 day lower Bolli ($0.8970) continue but
CAD Technical Outlook
Daily signals are encouraging from the USD-bullish perspective because, firstly, the slow stochastic oscillator suggests the USD sell off is over-extended and poised to turn higher.
The pound is weak going into BoE today
EUR/USD: A double 1.3207-1.3345 watch seems justified. The market went higher after a deeper test lower yesterday, but is again falling back from a fresh high
Daily Market Technicals
EUR/USD leaves a spinning-top after pushing up to close above $1.3300 after testing support at $1.3206 however has moved back below $1.3300 today.
Asian Currencies Technicals
AUD/USD traded at fresh 2013 lows this morning and the lowest level traded since late Aug 2010.