Technical Analysis
Asian Currencies Technicals
AUD/USD: Pressure remains on initial support. The $1.0540-45 region capped the bounce perfectly and remains the pivot point with a close above needed to shift focus higher.
FX Daily Crosses
Today’s highlights: * EUR/GBP: The corrective bounce continues, but we still expect .7930/64 to cap to maintain the medium-term downtrend. * EUR/JPY: A break of 97.73/72 is needed to ease further recovery strength to 100.00/01, ahead of 100.72 where we would expect renewed selling.
FX Daily Majors
Today’s highlights: * EURUSD: Breakout above 1.2444/79 key resistance results in an acceleration higher towards the more critical cluster of Fibonacci hurdles at 1.2593/8, which should cap.
Technical Analysis
EUR/USD peaking? Return of the yen! Gold shining… EUR/USD Time to resell?… USD/JPY Back on track lower… EUR/SEK Congestion/correction… USD/SEK Drifting down from support… EUR/NOK Upside pressure mounting… NOK/SEK Base, triangle or flag?
FX Market Technical Research
EUR/USD: Pushing Out of Bollinger Band. EUR/USD has made a significant break above the 61.8% retracement level and also the June resistance line as daily studies turn higher.
Asian Currencies Technicals
AUD/USD: Bounces from Aug 17 lows. The pair has managed to find support ahead of the Aug 17 lows as initial focus remains on retests of the 200 day moving average ($1.0297).
FX Daily Crosses
Today’s highlights: * EUR/GBP: The recovery bounce has extended, but we look for .7934/64 to cap to maintain the medium-term downtrend. * EUR/JPY: The push above 98.77 keeps the immediate risks higher to 100.72 where we would expect renewed selling.
FX Daily Majors
Today’s highlights: * EURUSD: Threatening the 1.2479 61.8% Fibonacci retracement hurdle after yesterday’s aggressive rally through 1.2383/7/8 resistance zone.
Technical Analysis
Euro short squeeze, but beware looming risk off mood… EUR/USD Triangle setup overruled… USD/JPY Buyers at support… EUR/SEK Correctional peak still wanted… USD/SEK Still confined to range… EUR/NOK Some focus on the recent high… NOK/SEK Rechecking the 55day EMA.
FX Market Technical Research
EUR/USD: Breaks Above Fibonacci Level. Euro has broken above 61.8% retracement level at $1.2445 and now tests a resistance line at $1.2489.
Asian Currencies Technicals
AUD/USD: Aug 14 highs pivotal resistance. The bounce in the AUD/USD fell short of the Aug 14 highs with above this level still needed to see focus shift back to retests of 2012 highs.
FX Daily Crosses
Today’s highlights: * EURGBP: A choppy sideways range continues to dominate nearterm, but and we remain biased for a test of .7790 ahead of .7755/40.