Tag Archives: AUD/JPY

GBP/USD over 1.6825 would target 1.69. EUR/NOK buyers respond

EURUSD: Buyers keep responding. Yet another lower ‘shadow’ marks support below 1.3450 and

O/S daily studies may be hindering attempts to head lower with the AUD/USD having bounced from ahead of the $0.9229-39 support.

The $0.9292 initial resistance level has again capped the AUD/USD. Bulls need a close above $0.9292 to

RBA keep rates steady Tuesday again noting “the most prudent course is likely to be a period of stability in interest rates”,

AUD/USD traded at fresh 2 month lows to end the week before bouncing a little, only to remain capped ahead of initial resistance.

EURUSD: Yesterday’s attempt to kick off an upside correction stalledalready just below the first resistance, 1.3399.

After failing at the 21-DMA Wednesday the AUD/USD remained capped ahead of this level Thursday before

Aussie bounced Tuesday, spiking above 55 & 21-DMAs and closing above the 100-DMA.

AUD/USD marginally traded above the previous initial resistance before heading sharply lower and managing a relatively bearish close.

Layers of resistance are noted in the $0.9338-0.9426 region including 55 & 21-DMAs with bulls needing a close above the $0.9426 level this week to

‘Solid but not spectacular’ was how our London colleague Nick Parsons described Friday’s US payrolls report.

Fresh 2 month lows continued Friday before abounce back above the 100-DMA ($0.9325) although the pair failed to close above.