Technical Analysis
EUR/USD Technical Analysis
(1,3385) The EUR/DOLL failed to extend the decline turning instead higher for a retest of the 1,34 area.
USD/CAD Technical Analysis
(0,9869) The USD/CAD is still confirming further consolidation interior the big inside day with 0,9960 – 0,9820 still the levels to follow in the coming hours.
EUR/CHF Technical Analysis
(1,2550) The EUR/CHF confirmed a strong closing last night at the key level before extending the move up this morning toward 1,2570.
Daily Market Technicals
EUR/USD: Trades Just Below Jan 14 High At $1.3404, Studies Bullish. The pair holds just below the Jan 14 high of $1.3404, our key initial resistance level.
USD/JPY Technical Analysis
(90,04) The USD/YEN confirmed our s/t target at 89,93 before further extending the move up toward 90,20. Possible an overshooting toward 91 but overall we expect a firm correction toward 87,00!!
Asian Currencies Technicals
AUD/USD: $1.0578-98 Region Remains Key Topside. The pair managed a spike towards the 21-DMA overnight but the bounce into the NY close helps relieve a little of the bearish pressure.
USD/JPY – symmetry targets ahead at 91.03 then 93.01
USDJPY bettered both the 88.30 & 88.94 upside levels presented yesterday and is already traced an impulsive 5 wave move to start a new rally.
EUR/USD – correction zone halts decline; wave-5 up underway
The correction zone acted as strong support yesterday between 1.3248/80 and likely saw the completion of a Wave-4 correction.
FX Daily Majors
Today’s highlights: – EURUSD: Continuing to hold support at 1.3249 for now. We continue to expect the market to rebound higher from here back through 1.3404 to challenge 1.3487 initially.
Daily FX Technical Strategy – Pounding GBP
UK 10-year yields closed at their lowest level so far this year and confirmed a small reversal pattern. Relative outperformance of UK bonds is helping to keep GBP under pressure.
Technical Alert
Not terrible eventful overnight…. AUD losing some ground and JPY a tad weaker. EURUSD worked its way into a broader support zone yesterday and bias hence remains for more losses,
GBP/USD Technical Analysis
(1,6001) The CABLE confirmed a weak closing below the support of the inside day at 1,6020 suggesting further weakness toward 200 days line, still found at 1,5909.