Technical Analysis
Asian Currencies Technicals
Tuesday’s close above the 200-DMA has been followed up with fresh 2014 and 4 month highs on Thursday. Bulls are currently targeting the $0.9322-33 region where the rising daily channel top is noted with
Daily Technical Report
EUR/USD has failed to confirm its move abovethe resistance at 1.3845 (20/03/2014 high). Pricesare now declining towards the support at 1.3749.Another support stands at 1.3643.
A weaker € + a stronger NZD = a €/NZD sell
EUR/USD: After the mid body test (of the Mar 19 falling benchmarkcandle) and rejection the market has been mainly on thedefensive. Yesterday’s close,
Daily Market Technicals
The move lower continues following Tuesday’s failed attempt to head higher stalling at the $1.3879 level. Immediate focus remains on the $1.3749 low from Mar 20 & 25 with
Asian Currencies Technicals
Tuesday’s close above the 200-DMA has been followed up with a continuation higher with immediate focus remaining on the $0.9268-0.9333 region and then the $0.9452 Nov 19 high above.
CAD should soon weaken again, while the AUD could extend gains
EUR/USD: It’s still a near-term intraday wasteland between 1.3760/50and 51.3880. The ascending 55day exponentially weightedmoving average band still supports but
Daily Market Technicals
The correction lower from ahead of the $1.3948-66 region Thursday saw the EUR/USD break and close below the rising daily channel base and 21-DMA. Tuesday’s failure to surmount the
Asian Currencies Technicals
AUD/USD looks like closing above the 200-DMA today after trading at fresh 4 month highs overnight. Initial support is now noted at the $0.9121 low from Tuesday with bears needing a close below to
Daily Market Technicals
Support from $1.3762 provided the springboard for Monday’s bounce, which having breached $1.3810-12, aims for a test to $1.3884-$1.3899.
Daily Technical Report
EUR/USD has risen sharply, moving above theresistance a 1.3845. However, the failure to holdabove this level suggests a potential falsebreakout. A resistance now lies at 1.3876.
Weaker pound and an annoying USD/SEK “UpThrust” noted
EUR/USD: The market closed the session off the session’s best but stillhigh enough to show some kind of near-term demand – inspite of an earlier in the session break below 1.3766 whichindicated a completed correction higher.
Asian Currencies Technicals
AUD/USD managed a brief spike above the 200-DMA to start the new week before closing marginally below. The $0.9140-0.9204 region is key for the aussie this week with