Technical Analysis
Asian Currencies Technicals
AUD/USD: Dips back towards key support. AUD/USD has dipped back towards the Sept 12 lows with a close below needed to relieve topside pressure and risk a retest of the Sept monthly lows at $1.0165.
Technical Analysis
Only limited moves since Friday close. Perhaps time to catch the breath after the past two weeks returning risk appetite.
FX Market Technical Research
EUR/USD: Long Term Falling Trend Line Capping. The move towards 2012 highs continues with EUR/USD pausing ahead of the long term falling daily trend line off 2011 highs from May 4 coming in around $1.3180 to start the week.
Asian Currencies Technicals
AUD/USD: Spikes above upper Bolli to continue. The pair remained capped ahead of the Mar 19 highs to end last week, closing back below the now rising 21 day upper Bollinger band ($1.0582).
FX Daily Crosses
Today’s highlights: – EUR/GBP: Our bias stays higher through neckline resistance at .8050 to test the .8096 barrier next. We expect major resistance at .8126/57 to provide a ceiling.
FX Daily Majors
Today’s highlights: – EURUSD: Break through 1.2975/95 now exposes the 78.6% Fibonacci extension resistance hurdle of 1.3178. Corrections likely to hold above 1.2858.
FX Market Technical Research
EUR/USD: Focus Now Turns To 2012 Highs. The EUR/USD continues to distance itself from the 200-DMA with the pair now trading above the previous resistance at $1.3000.
Asian Currencies Technicals
AUD/USD: Rally Falls Just Short Of Rising Bollinger. The push towards the Mar 19 highs continues with the pair falling just short of a 21 day upper Bollinger band test overnight.
Technical Analysis
Waiting for the next event, FOMC. In the meanwhile EURUSD has remained close to yesterday’s peak still threatening the 1.3004 key resistance, USDJPY hovering a couple of points above the 77.65 June low (that we see taken out),
FX Market Technical Research
EUR/USD: Fast Approaching Key Resistance. Despite a brief dip below the 200-DMA overnight the uptrend remains firmly in play with the $1.3000 resistance level seen as the next major hurdle.
Global Technical Watch – Quick Charts (Sep 13)
Commodity currencies are gaining ground, and NZD/USD, in particular, is respecting cloud support on both daily and weekly charts. The risks are for further gains, with the next hurdle to overcome at 0.8240.
Asian Currencies Technicals
AUD/USD: Targeting $1.0540-1.0640 region. The move higher continued as the pair took out the short term falling daily trend line off the Aug monthly highs.