Technical Analysis
Asian Currencies Technicals
The lack of follow through on the spike above the 21 & 100-DMAs Tuesday has now been followed up with a break below the previous $0.9288 support.
USD/JPY Technical Analysis
In USD/JPY, Commerzbank notes that it is still recovering from its current August low at 101.51 and
EUR/USD Technical Analysis
EUR/USD slipped through the 1.3336/33 support zone, a daily close below which has triggered further losses below
Daily Technical Report
EUR/USD has broken its support at 1.3333 andis now challenging the strong support at 1.3296.
The dollar hold the upper hand & US stock take a lead over bonds
EUR/USD targets 1.3295 next and then 1.3240… USD/JPY targets 103.34 next…
Daily Market Technicals
Recent pressure on the $1.3333 level resulted in a break lower with the EUR/USD remaining heavy but supported ahead of the key $1.3292 Nov 2013 monthly low.
Aussie Currencies Technicals
The lack of follow through on the spike above the 21 & 100-DMAs Tuesday combined with a relatively bearish close
Daily Technical Report
EUR/USD is weakening and is nowapproaching its support at 1.3333. A strongsupport stands at 1.3296 (07/11/2013 low).
Mostly near-term ranging markets, with a kiwi exception. Lower oil
EUR/USD is still confined to a 1.3333\1.3433 range, with a small downside tilt… EUR/CHF is likely to test 1.2120\33 before lower…
Daily Market Technicals
Yet another failure ahead of the key $1.3445 resistance level, this time failing at the 21-DMA, reconfirms bearish pressure on the key $1.3333 support.
Aussie Currencies Technicals
Following last week’s bounce the AUD/USD is struggling to overcome the 21 & 100-DMAs in the $0.9339-41 region.