Technical Analysis
Aussie Currencies Technicals
The $0.9292 initial resistance level has again capped the AUD/USD. Bulls need a close above $0.9292 to
Daily Technical Report
EUR/USD is holding the low implied byWednesday’s hammer. Coupled with theproximity of the key support at 1.3296,
Is the € staging at least a short term comeback?
EURUSD: The next attempt higher took place already on Friday (andwith the passing of 1.3399 the alternative path,
Daily Market Technicals
Friday’s bounce fell short of the $1.3445 resistance level with bulls needing a close above this level to confirm an easing of bearish pressure.
Markets Outlook – More Spending And Saving
With such strong income growth occurring in the New Zealand economy, there is plenty to boost the nation’s spending…and saving.
Asian Currencies Technicals
The rally continued for USD/SGD with bulls firmly focused on the Sgd1.2568-95 region. The 200-DMA is noted at Sgd1.2568 with a close above last seen in early March.
Aussie Currencies Technicals
AUD/USD traded at fresh 2 month lows to end the week before bouncing a little, only to remain capped ahead of initial resistance.
Daily Technical Report
EUR/USD is holding the low implied byWednesday’s hammer. Coupled with theproximity of the key support at 1.3296, a shorttermrebound is likely.
AUD/JPY and NOK/SEK in focus
EURUSD: Yesterday’s attempt to kick off an upside correction stalledalready just below the first resistance, 1.3399.
Daily Market Technicals
Pressure remains on the fresh 2014 low at $1.3333 set on Wednesday with bulls now needing a close above $1.3407 to
Aussie Currencies Technicals
After failing at the 21-DMA Wednesday the AUD/USD remained capped ahead of this level Thursday before