Technical Analysis

Aussie Currencies Technicals

The recent failed attempts at the 21-DMA resulted fresh 2014 and 4 year lows with the AUD/USD currently pausing at the Bollinger band base ($0.8518).

EUR/USD has successfully tested the support at 1.2358.

EUR/USD in a mid-body (1.2445) resistance recheck… USD/JPY below 117.36 would hint of a more lasting top in place…

The break below $1.2499 opened the flood gates on Friday and has resulted in a move that has so far found support marginally above the 2014 low.

Another failed attempt to surmount the 21-DMA Monday combined with

EUR/USD: Momentum clearly pro-decline.

EUR/USD collapsed on Friday.

EURUSD: The unforeseen sharp move lower prematurely ended the upward correction and

The break below $1.2499 opened the flood gates on Friday and has resulted in a move that has so far found

The bounce from ahead of 2014 lows Thursday combined with the continuation higher Friday is hinting at shift higher in focus.

EUR/USD is challenging the resistance at1.2577 (see also the declining trendline).

EURUSD: It is possible that a correction low was put in place yesterday