Technical Analysis
Asian Currencies Technicals
AUD/USD: Oversold Tech Studies Correcting. The AUD/USD is little changed from yesterday’s NY close with a retest of the Jan 30 high favoured while the pair remains above the Feb 13 low.
FX Daily Crosses
Today’s highlights: – EURGBP: Resistance found at .8686, importantly ahead of the .8718/9 hurdles. We still expect the market to reverse lower to target .8442 chart support once again.
FX Daily Majors
Today’s highlights: – EURUSD: Failure at 1.3521 results in reversal lower, in turn keeping the corrective phase alive for now. Risk now back to 1.3329/10 once again, and below targets 1.3180.
FX Trends daily (FOCUS: GBP/USD)
GBP/USD The Cable has dropped in the recent sessions and has broken below a medium term support at 1.5640 which signals a likely extension of the downtrend toward the next important support area between 1.5233 (January 2012 low) and
Technical Alert
Eventful day yesterday with SEK strength and GBP weakness (GBPSEK down to a 21year low). EURSEK exited the past months range breaking 8.50/51 (next down to 8.43 and then a corrective bounce),
EUR/GBP Technical Analysis
(0,8640) EUR/GBP confirmed an important rebound and a strong closing also last night suggesting further upside potential.
USD/CHF Technical Analysis
(0,9178) The USD/CHF confirmed further consolidation interior the negative outside day with 0,9230 – 0,9140 still the levels to follow in the coming hours.
GBP/USD Technical Analysis
(1,5510) The CABLE is still under pressure after the new very weak closing last night suggesting further pressure toward 1,53!
Daily Market Technicals
EUR/USD: Long Upper Shadow Cautions Bulls. The pair struggled higher but ended slightly down on the day, leaving a long upper shadow which adds caution to the upside.
USD/CAD Technical Analysis
(1,0027) The USD/CAD confirmed further consolidation interior the negative outside day with 1,0100 – 1,0010 still the levels to follow in the coming hours.
EUR/USD Technical Analysis
(1,3434) The EUR/DOLL formed another negative day reversal but only a daily closing below 1,3426 will confirm a top supporting a retest of the 1,3330 key level!
EUR/CHF Technical Analysis
(1,2332) The EUR/CHF formed a negative day reversal but only a daily closing tonight below 123,25 will confirm a s/t top suggesting another test on the downside.