Technical Analysis
Asian Currencies Technicals
AUD/USD: Another Dip Below The 200-DMA. Another spike below the 200-DMA ($1.0345) for the pair keeps the pressure on lower levels, but a close below the 200-DMA is needed to see focus turn to retests of the Sept monthly lows at $1.0169.
FX Daily Crosses
Today’s highlights: – EUR/GBP: Basing efforts continue to unfold, and whilst above .7910/.7893 support zone we expect further upside to .8115 initially.
FX Daily Majors
Today’s highlights: – EURUSD: Reversal on Friday from resistance found at 1.2838 turns the focus lower to the 1.2740 38.2% retracement which is expected to hold.
Technical Analysis
Hefty u-turns noted Friday with several key day reversals appearing in the charts, suggesting dollar strength to be a theme for the upcoming week.
FX Market Technical Research
EUR/USD: Testing 200-Day Moving Average. The pair has so far failed to record a close below the 200-DMA, but bears remain focused on this level, currently at $1.2824.
Asian Currencies Technicals
AUD/USD: 200-DMA remains key support. The pair managed to briefly pop above the Sept 25 highs before heading back towards the key support noted at the 200-DMA.
FX Daily Crosses
Today’s highlights: – EUR/GBP: Still holding above .7910 trendline support as the market continues to develop a base. We expect upside to .8115 initially.
Global Technical Watch – NZD standout
On the Barclays TRENDS Heatmap, the NZD has consistently been one of the more bullish FX candidates. On the charts, we are impressed by NZD/USD holding above 0.8190 support and consolidating in a manner that is ultimately bullish.
Technical Analysis
EURUSD & GBPUSD both misfired below support and are seemingly headed higher from here. Key refs on those above are located at 1.3048 & 1.6267…
FX Market Technical Research
EUR/USD: Bouncing Towards Hourly Resistance. The bounce back towards the $1.2972 hourly resistance continues after the pair failed to record a close below the 200-DMA earlier in the week and with the previously overbought daily tech studies no longer seen weighing.
Asian Currencies Technicals
AUD/USD: Pressure Shifts Topside. After failing to close below the 200-DMA pressure is on the Sept 25 highs topside, with a close above seeing focus return to tests of the Sept monthly highs so far at $1.0624.
FX Daily Crosses
Today’s highlights: – EUR/GBP: Basing efforts unfolding with the defence of .7910 trendline support. We expect an advance from here back to .8115/9 then .8157.