Technical Analysis
Weaker GBP, PLN & TRL (& soon also CAD), stronger NZD & Bunds
EUR/USD: Judging by price action it could be a top forming, arguing fora 1.3825/1.3797 test before long. This would be more likelyon a break under 1.3852.
Daily Market Technicals
ERU/USD managed an inside day to start the new week following Friday’s rally to fresh 2014 and 2.5 year highs. Bears are looking for a close below Friday’s low to ease the current bullish pressure and
Asian Currencies Technicals
The rally to fresh 2014 and 3 month highs last week saw AUD/USD close above the 100-DMA for the first time since late Nov on Thursday before pulling back from ahead of the 200-DMA on
Technician
EUR/USD: Momentum clearly pro-growth. Some indicators close to overbought; consolidation above 1.38 likely in one-week horizon.
Daily Technical Report
EUR/USD is challenging the strong resistancearea between 1.3832 (25/10/2013 high) and1.3893. An initial support lies at 1.3825(28/02/2014 high), while an hourly support canbe found at 1.3708 (05/03/2014 low).
AUD & CAD turning down. NOK/SEK eyeing 1.0640.
EUR/USD: The trend line break continued to attract buyers on Fridaypushing the pair up to 1.3915 before stalling and giving upsome of the latest gains.
Daily Market Technicals
EUR/USD traded at fresh 2014 and 2.5 year highs on Friday with bears now needing to see a close below Friday’s low to ease the current bullish pressure and
As Much As It Takes
Everyone expects the Reserve Bank to start taking its footoff the OCR accelerator at Thursday’s Monetary PolicyStatement. “Soon” has arrived, and not before time.
Weekly Forex & Interest Rate Outlook
We remain biased towards further upside as we approach the start of the RBNZ’s tightening cycle.While a 25bp hike is fully priced, there is scope for a market reaction if a fast start to
Asian Currencies Technicals
The rally to fresh 2014 and 3 mth highs last week saw the AUD/USD close above the 100-DMA on Thursday before pulling back from ahead of the 200-DMA on Friday and
Daily Technical Report
EUR/USD surged higher yesterday and is nowchallenging the strong resistance area between1.3832 (25/10/2013 high, see also the long-termdeclining trendline) and 1.3893.
OZ more upside potential, EUR/NOK bullish turn
EUR/USD: The break above 1.3782 certainly got the bulls chargingahead breaking and closing above the 2008 top line as wellas outside the 55d Bollinger bands.