Technical Analysis
Daily Market Technicals
The move towards the 2014 low continued on Wednesday with the EUR/USD breaking and closing below the previous initial support at $1.3612.
Asian Currencies Technicals
AUD/USD continues to find support ahead of the key $0.9176-0.9205 region. The $0.9277 level has recently capped the bounces off this support region and
Daily Technical Report
EUR/USD is consolidating near the strong support at 1.3643 (see also the 200 day moving average). Monitor the hourly horizontal range between 1.3619 and 1.3669 (27/05/2014 high).
Daily Market Technicals
EUR/USD continues to oscillate around the 200-DMA ($1.3641) with initial resistance noted just ahead on the hourly time frame today.
Asian Currencies Technicals
After having found support ahead of the $0.9205 level last week the AUD/USD traded above last week’s high before stalling and dipping back towards initial support.
Daily Technical Report
EUR/USD has breached the strong support at1.3643 (see also the 200 day moving average),but has thus far failed to hold below it.
EUR/USD over 1.3675 would target 1.3730 before down
EUR/USD: Over 1.3675 targets 1.3730 before down. There is an ongoing attempt to recover partial losses. A move over the 8day “Tenkan-Sen” (1.3675) would target 1.3730\34 before down again.
Daily Market Technicals
After beginning the new week below the 200-DMA ($1.3640) and looking a little heavy, the pair closed back above the 200-DMA on Monday which eased the bearish pressure a little.
Asian Currencies Technicals
AUD/USD drifted a little higher to start the new week to retest the $0.9249 level that capped late last week with the $0.9174-0.9205 support region remaining key.
Daily Technical Report
EUR/USD has breached the strong support at1.3643 (see also the 200 day moving average),suggesting persistent short-term sellingpressures.
Daily Market Technicals
EUR/USD continues to work its way lower with Friday’s close below the 200-DMA the first since early Sept. The close below adds weight to
Markets Outlook – Tight Is as Tight Does
If the Reserve Bank was hoping to see generally higher mortgage and deposit rates as a result of the start of its OCR tightening cycle, and accompanying talk of “normalisation” ahead, then it’s probably been sorely disappointed.