Technical Analysis
Asian Currencies Technicals
AUD/USD: Sept Monthly Highs Just Above. Immediate focus remains on the Sept monthly highs for the AUD/USD with a break above then seeing the 2012 highs come into the picture.
FX Technical Volume Strategy: Activity supports a higher NZD/USD
Yesterday was an average total volume day with the classic euro risk-on currency pairs seeing the highest volume above their respective one-week averages.
FX Daily Crosses
Today’s highlights: – EUR/GBP: Recovery effort off .8033/4 chart/retracement support continues, and we look for the market to advance higher back up through .8084/.8111 to retest .8150/66.
FX Daily Majors
Today’s highlights: – EURUSD: Break through 1.2974/2 resistance secures a base and allows the market to continue gains back towards range highs at 1.3127/40/72 eventually.
EUR/GBP Technical Analysis
(0,8070) EUR/GBP confirmed a strong closing after a test of the 0,8080 level but it failed yet to confirm an overshooting.
Technical Alert
EURUSD has made it back to key near-term resistance at 1.3020, but there is also support likely at 1.2975…
USD/CHF Technical Analysis
(0,9322) The USD/CHF confirmed a further session of consolidation interior the inside day with 0,9395 – 0,9310 still the levels to follow.
EUR/CHF Technical Analysis
(1,2123) EUR/CHF still confirmed a strong closing well above the top of the previous session. We could have a s/t bottom at 1,2060 but very much will depend on today’s closing.
Daily Market Technicals
EUR/USD: Bulls Eye Dec 5 High, Bears Aim Below 38.2% Level. The pair recovered some of its recent losses, but met resistance at $1.3017, the former 23.6% Fibonacci of $1.2662 to $1.3127 and initial resistance.
Asian Currencies Technicals
AUD/USD: Tests Upper Bollinger Band. Fresh nearly 3 month highs for the AUD/USD see the 21 day upper Bollinger band retested with spikes above expected until a close back below the 21-DMA is seen.
FX Daily Majors
Today’s highlights: – EURUSD: Rebound now back probing the 38.2% retracement and chart resistance zone of 1.2972/4. A breakout above here is required to allow for an advance back towards 1.3127.
Daily FX Technical Strategy – EUR resilience
The sharp sell-off in peripheral European equity indices was largely ignored by FX markets on Monday, as the EUR showed signs of bullish resilience.