Technical Analysis

Aussie Currencies Technicals

AUD/USD rallied to fresh 2 month highs O/N, spiking above both the Bollinger top and the previous $0.9374 resistance level.

EUR/USD is testing its key support at 1.3105(06/09/2013 low).

EURUSD: We probably have to pass today’s main event, ECB, beforeany major move will take place.

The $1.3159 level largely confirmed its significance as initial resistance Wednesday with the bounce having traded above by a pip.

Time spent below the 21-DMA has been brief with the AUD/USD bouncing from ahead of the Bollinger band base back

EUR/USD is testing its key support at 1.3105(06/09/2013 low).

EURUSD: EUR/USD should give something back. Correctively target 1.3145\53 before down.

EUR/USD remains heavy after again failing to make any impact on the $1.3159 level. Layers of resistance remain $1.3159-1.3485 with

Last week’s failure at $0.9374 has seen the aussie close back below the 21-DMA with immediate focus having shifted to

EUR/USD is challenging its key support at1.3105 (06/09/2013 low).

EURUSD: Price action may have muted yesterday, but direction remains quite clear.

EUR/USD remains heavy after failing to make any kind of recovery to test the $1.3159 level to start the new week.