Technical Analysis
Daily Technical Report
EUR/USD’s bullish intraday reversal on 5 Junehas created a key support at 1.3503. In the shortterm,prices are moving sideways near this level.
Look for confirmation of a correctional low in GBP/USD
EUR/USD remains stuck in the 1.3512\1.3588 range. A correctional GBP/USD low is likely not far off, possibly already at 1.6938/22.
Daily Market Technicals
The sharp rejection from above $1.3583 with falling daily trend line off May highs also seen capping keeps bearish hopes alive.
Aussie Currencies Technicals
The move lower gathered momentum on Tuesday with the sharp break and close below $0.9374 combined with the correcting O/B daily tech studies adding weight to the bearish case.
Daily Technical Report
EUR/USD’s bullish intraday reversal on 5 Junehas created a key support at 1.3503, favouring aconsolidation phase.
AUD/NZD about to test key support at 1.0750
EUR/USD over 1.3586 would target at least 1.3621… GBP/USD could re-test 1.6922 before turning higher again – then with focus on 1.7025\44…
Daily Market Technicals
EUR/USD managed a marginal brief spike above the previous initial resistance at $1.3583 and the falling daily trend line off May monthly highs,
Asian Currencies Technicals
AUD/USD did little to inspire confidence Monday with the pair dipping marginally below Friday’s low.
Daily Technical Report
EUR/USD’s bullish intraday reversal on 5 Junehas created a key support at 1.3503. Monitor thecurrent consolidation phase.
JPY on a strengthening path, EUR/NOK downturn
EURUSD: Friday’s attempt higher ended already at the 1.3580resistance with a relatively impulsive decline.
Daily Market Technicals
The $1.3583 resistance level remains key this week with the attempted recovery on Friday falling short of this level before falling to a relatively bearish close.
Weekly Forex & Interest Rate Outlook
NZD/USD Outlook: Up this week The hawkish surprise from the RBNZ should resound with markets for the next few weeks at least.