Technical Analysis
Aussie Currencies Technicals
The recovery from ahead of the key $0.9322 support continued on Thursday with the aussie having found support at the 55-DMA but
Daily Technical Report
EUR/USD declined further yesterday. Prices arenow close to the key support at 1.3503 (see alsothe long-term rising trendline from the July 2012low).
EURUSD & EURJPY extends the decline. NOKSEK breaks 1.1045
EUR/USD tests the 1.3526/1.3503 support zone. The yearly low at 1.3477 is a medium-term key ref to keep in mind.
Daily Market Technicals
The move lower saw EUR/USD close below the Bollinger band base ($1.3533) with the pair now consolidating ahead of
Aussie Currencies Technicals
AUD/USD bounced from ahead of the key $0.9322 support on Wednesday, confirming the significance of this level.
GBP/USD Technical Analysis
GBP/USD charted an outside day to the topside yesterday, notes Commerzbank.
Daily Technical Report
EUR/USD has broken the support at 1.3576,confirming a bearish bias. A further short-termdecline towards the key support at 1.3503 islikely.
EUR/USD should extend losses into the low – 1.35s
EUR/USD is targeting the low-1.35s now. EUR/GBP looks staged to seriously test trendline support at 0.7900.
Daily Market Technicals
EUR/USD is hovering around the $1.3564 support but appears to have done enough to confirm a break of the triangle base with
Asian Currencies Technicals
The lack of follow through after Monday’s fresh 2014 lows has resulted in a bounce that has so far been capped at the Sgd1.2445 level confirming its significance.
Aussie Currencies Technicals
AUD/USD remained capped ahead of the $0.9408 as it again struggled at the 21-DMA ($0.9400) with the dip below
Daily Technical Report
EUR/USD rose yesterday but failed to holdmost of its gains at the end of the session. Abearish bias is favoured as long as prices remainbelow the resistance at 1.3664 (03/07/2014 high).