Technical Analysis
Daily Technical Report
EUR/USD weakened yesterday close to theresistance at 1.3685 (50% retracement), makingan intraday bearish reversal. A break of thehourly support at 1.3609 would negate the shorttermpositive structure.
AUD & SEK look like winners
EUR/USD: Sellers responded – again – at the high end of the “cloud”.But to show some commitments we need to see sellersbelow a wider near-term support zone (1.3610\1.3580) and
Daily Market Technicals
EUR/USD turns around to retest falling channel top as support at $1.3624 – bears eye a break back into the channel to test key support noted around $1.3600 level,
Daily Technical Report
EUR/USD continues to improve by moving outof its declining channel. An horizontal resistancecan be found at 1.3685 (50% retracement). A keyresistance stands at 1.3739.
EUR/USD is scanning nearby resistance – make or break? Weaker HUF
EUR/USD: The move higher last week has been extended this morningto the point where it meets thought resistance at the highend of the Fibo adjusted short-term “Ichimoku cloud”.
Daily Market Technicals
EUR/USD continues to edge higher and pops above the falling channel top – now initial support at $1.3630. Bears aim to retest channel top and a break below could retest Sept 6 support line at $1.3591.
Technician
EUR/USD: Momentum is practically neutral. Consolidation on moving averages is now most likely technical scenario.
Daily Technical Report
EUR/USD continues to improve and is nowclose to the resistance implied by the decliningchannel (around 1.3655). A key horizontalresistance stands at 1.3739.
USD/CAD – false break points up. NOK/SEK – higher.
EUR/USD: The comeback staged Thu/Fri will probably lead the pairhigher during the start of the week with the estimated Dectop line, 1.3655,
Daily Market Technicals
EUR/USD closed back above Sept 6 support line which bears look to retest at $1.3587 – break below could start another decline after bulls were capped by Dec 30 falling channel top at $1.3636.
Weekly Forex & Interest Rate Outlook
NZD/USD remains directionless, although improved risk sentiment plus Friday’s US jobs data should support it this week.SInce November, NZD/USD has been stuck in a sideways 0.8050-0.8400 range,
Markets Outlook – Acronyms Spell It Out
As for where market pricing has settled after all the RBNZ announcements and commentary, and the heaving Q4 labour market data, it is pretty much in line with the 90-day bank bill track as prescribed in the