Technical Analysis
EUR/CHF Technical Analysis
(1,2080) EUR/CHF is further consolidating interior the inside day with 1,2140 – 1,2065 still the levels to follow in the coming hours.
Asian Currencies Technicals
AUD/USD: Holding Above Initial Support. The pair continues to hold above the initial support with the rising daily trend line off Nov monthly lows adding significance to this region again today.
EUR/USD – above all key resistance; 1.3127 support now
Key resistance at 1.3160/72 failed to register a reversal yesterday and puts the bulls squarely in charge as EUR is clear of 3 major resistance levels now;
UBS FX Technical
EURUSD – The pair is extending its strength and focus is on resistance at 1.3287/1.3386, the May/March highs.
FX Daily Crosses
Today’s highlights: – EUR/GBP: Bearish reversal ahead of the .8166/7 resistance, suggests a correction lower from .8156 is underway. However we expect this to be limited to .8097.
FX Daily Majors
Today’s highlights: – GBPUSD: Advance towards the key 1.6310 chart resistance hurdle continues for now. We stress that a breakout above this major hurdle targets 1.6619 eventually.
Daily FX Technical Strategy – USD kept on the back foot
US equities have bounced back. The S&P 500 index has recovered from the third two-day dip in the past month and US bonds are maintaining an offered tone as US 10y yields extend toward basing pattern targets.
FX Technical Volume Strategy: USD/JPY volumes at 2012 highs
Volumes dipped back to average levels generally yesterday despite a strong showing again in the yen markets. · A black selling candle, combined with excess volume in USD/JPY (second highest volume in 2012), warns of profit taking post election.
GBP/JPY Technical Analysis
(136,10) The GBP/JPY confirmed another strong closing last night above Friday’s top on the way for a test of the 137 area where we expect decent resistance and from where we favour a firm correction.
USD/CAD Technical Analysis
(0,9840) The USD/CAD formed yesterday a negative day reversal after a 0,9880 overshooting. Only a daily closing tonight below 0,9830 will confirm lower levels.
USD/CHF Technical Analysis
(0,9185) The USD/CHF formed a small positive day reversal but only a daily closing tonight above 0,9197 will confirm a s/t bottom.
Technical Alert
Price action at the top in EURUSD looks hesitant. Under 1.3144 & 1.3127/21 could trip some protective sell-stops…