Technical Analysis

Aussie Currencies Technicals

AUD/USD managed an inside day Wednesday with the pair bouncing a little from ahead of Tuesday’s low.

EUR/USD made a big daily upper shadowyesterday, indicating persistent selling pressures.

EURUSD: The short term 8day ‘Tenkan-Sen’ and the weekly mid-body point just above 1.29 attracted responsive sellers yesterday,

Friday’s bearish close saw fresh 2014 lows to start the new week with bears firmly focused on the 2013 low at $1.2745.

AUD/USD continues to work its way towards the 2014 low with fresh 8 month lows Tuesday.

EUR/USD remains thus far unable to holdabove its previous lows, indicating persistentselling pressures.

EURUSD: EUR/USD over 1.2877 would target 1.2931 next… Read the full report: Technical Alert

Friday’s bearish close saw fresh 2014 lows to start the new week with bears firmly focused on the 2013 low at $1.2745.

AUD/USD continues to work its way towards the 2014 low with fresh 6 month lows yet again Monday.

EUR/USD: Momentum strongly pro-decline. Euro clearly oversold. From technical point of view, consolidation should continue for some time.

EUR/USD remains capped by the short-termdeclining trendline and the hourly resistance at1.2988 (05/09/2014 high).

EURUSD: The drop below 1.2834 became exactly the kind of lowconviction move that one expects to