Technical Analysis

Technical Alert

EURUSD is set on a correctional recovery, likely to meet resistance at 1.2960\75 or no later than 1.3020? NZDUSD is testing Sep?s best at 0.8357,

AUD/USD Technical Analysis

(1,0482) The AUSSIE confirmed also yesterday further consolidation interior the positive outside day with 1,0530 – 1,0430 still the levels to follow.

EUR/CHF Technical Analysis

(1,2082) EUR/CHF still confirmed a negative closing but just below Friday’s one after a test of the 1,2060 level where it found good support.

EUR/GBP Technical Analysis

(0,8055) EUR/GBP confirmed still a negative closing and still below the 200 days line, still resistance at 0,8055. While below this line there will be still downside potential.

Daily Market Technicals

EUR/USD: Bears Met Support At $1.2880, Encouraging Bulls. The pair met support around $1.2880, the low of Nov 28, while daily studies appear to be slowing in their descent.

USD/CHF Technical Analysis

(0,9324) The USD/CHF confirmed a session of consolidation forming a new inside day with 0,9395 – 0,9310 the levels to follow.

USD/CAD Technical Analysis

(0,9865) The USD/CAD is still under pressure and also last night it confirmed a weak closing supporting further weakness.

AUD/USD: Falls Short Of Initial Resistance. While the AUD/USD remains supported ahead of the $1.0429-42 region potential remains for a tests of the Sept monthly highs with a close above the $1.0518 level needed to kick start topside momentum.

Technical Week Ahead

USD/SEK – Bullishly over 6.7060 would target (beyond?) last month’s best (>6.8150), EUR/SEK – Beginning its 13th (out of 14 weeks) at the flat ½-year average,

FX Daily Crosses

Today’s highlights: – EUR/GBP: Reversal lower now probing the .8033 61.8% retracement. There exists a lot of support close by at .8019 and .8006/1, which we expect to hold.

FX Trends daily (FOCUS: EUR/NZD)

EUR/NZD The EUR/NZD has accentuated its decline in the recent sessions and broke below a support around 1.5550 (short term support line)

FX Daily Majors

Today’s highlights: – EURUSD: Market gains traction at the 1.2880 interim support level. We expect a rebound back up to 1.2974 interim resistance.