Technical Analysis
GBP/USD Technical Analysis
In GBP/USD, Commerzbank notes that it has at last started to ease back from major resistance at 1.7041/51 which represent the 2009 high and the 2005 low.
EUR/USD Technical Analysis
EUR/USD charted a tiny range to leave the immediate technical outlook unchanged, notes Commerzbank.
Daily Technical Report
EUR/USD is moving within the horizontal rangebetween 1.3503 and 1.3677. An hourly supportlies at 1.3565 (20/06/2014 low, see also the 61.8%retracement).
Imminent AUD peak? Looking to buy $/SEK & NOK
EURUSD: Bear triangle still at play. As previously outlined more meandering is expected duringthe beginning of the week.
Daily Market Technicals
Oscillation around the 21-DMA continues with spikes towards the 200-DMA lacking follow through. The $1.3670-77 region remains key resistance with
Will CAD Strength Continue?
USD/CAD closed below the 200 day moving average last week and is now aggressively through the 2013 high at 1.0738, notes CitiFX Technicals.
Aussie Currencies Technicals
The rally places thoughts of a correction on hold for now although bears will take comfort in the failure ahead of 2014 highs combined with
GBP/USD hourly– Only a decisive break above 1.7050 would eliminate the setback risk
• The market is still struggling with key-pivotal resistance 1.7044/49 (2009 high/2005 low) which needs to
EUR/GBP weekly– Make or break at 0.7961!
• Having already exceeded the internal 76.4 % retreatment at 0.8005 quite a bit,
EUR/CAD daily – Make or break at 1.4600!
• The idea that the decline from the 1.5588 top is nothing else but
EUR/USD hourly – A break above 1.3676 is needed to open additional upside
• The market has finally managed to trade away from key-support at 1.3477
EUR/SEK & EUR/NOK should both be bought on dips
EURUSD: Thursday’s peak at 1.3644 (basically 78.6% of the precedingdecline) has raised confidence for