Technical Analysis
Daily Market Technicals
The recovery from Friday’s $1.3705 low continues as daily studies threaten to correct from oversold levels and remain supportive of further topside. Bulls look for a close above the 21-DMA to
Daily Technical Report
EUR/USD is bouncing near the support at1.3708. However, the declining trendlinecontinues to favour a bearish bias. An hourlyresistance for a short-term bounce can be foundat 1.3847 (25/03/2014 high). Another resistancelies at 1.3876.
USD/JPY testing resistance (103.77/91). AUD/USD should move lower
EUR/USD: The market hunted both high and low yesterday, butwithout getting traction either direction. A small near-termbullish tilt persists while holding above 1.3763.
Daily Market Technicals
Oversold daily tech studies remain a concern for a continuation lower with the bounce to start the new week easing the previous bearish pressure a little.
Daily Technical Report
EUR/USD is trying to bounce near the supportat 1.3708. However, the underlying technicalstructure remains negative. Hourly resistancesfor a short-term bounce can be found at 1.3779(intraday high) and 1.3847 (25/03/2014 high).
EUR/JPY bullish response. NOK/SEK s/t stretched.
EUR/USD: Friday’s break down into the 55d ma band was soon rejectedand we ended the day more or less unchanged with spikeson both sides showing kind of a balance reached.
Daily Market Technicals
The move lower continued Friday before bouncing a little from just below the 55-DMA ($1.3711). Initial resistance remains at the $1.3779 level on the hourly time frame with
Markets Outlook – Business Outlook “Actually” Stronger in March
This afternoon’s ANZ business survey registered a slight decline in its headline confidence – to +67.3, from +70.8 in February. However, we judge an increase in seasonally adjusted terms – to +68.9,
Asian Currencies Technicals
Tuesday’s close above the 200-DMA has been followed up with fresh 2014 and 4 month highs Tues-Fri. Bulls are currently targeting the $0.9333 level where the rising daily channel top
Daily Technical Report
EUR/USD has breached the support at 1.3749,confirming persistent short-term sellingpressures. An hourly support lies at 1.3708, whilea key support stands at 1.3643.
More € weakness. AUD peaking? NOK/SEK pause
EUR/USD: Yesterday’s close below 1.3749 has further enhanced thebearish outlook and more losses are accordingly penciled infor the week to come.
Daily Market Technicals
The break below $1.3749 on Thursday confirms the bearish pressure with focus now having shifted lower to layers of support in the $1.3643-1.3722 region which includes key moving averages,