Tag Archives: AUD/NZD
FX Technical Volume Strategy: Investors back the AUD/NZD break
– Volumes eased back slightly on the last trading day for Q3. – AUD/NZD selling triggered a multi-year topping pattern and rising volume levels signal that investors are backing the down-move.
FX Daily Strategist: Europe
– Markets sluggish on Chinese PMI; AUD heavy on crosses Markets are sluggish in holiday-thinned Asian markets today with Chinese data yet again disappointing. The official NBS PMI came in contractionary territory for the second straight month (the first consecutive sequence since 2009) and following the weekend HSBC PMI (contracted 11th month).
FX Daily Crosses
Today’s highlights: – EUR/GBP: Still holding above .7910 trendline support as the market continues to develop a base. We expect upside to .8115 initially.
FX Daily Crosses
Today’s highlights: – EUR/GBP: Basing efforts unfolding with the defence of .7910 trendline support. We expect an advance from here back to .8115/9 then .8157.
FX Daily Crosses
Today’s highlights: – EUR/GBP: Our bias stays higher through neckline resistance at .8050 to test the .8096 barrier next. We expect major resistance at .8126/57 to provide a ceiling.
FX Daily Crosses
Today’s highlights: – EUR/GBP: Range support at .7967/59 has held and our bias is for the recovery to extend to neckline resistance at .8045, with scope to the .8096 high.
FX Daily Crosses
Today’s highlights: – EUR/GBP: Range support at .7964/59 ideally holds to maintain recovery with risks to .8004. Above here would aim at the .8096 high. – EUR/JPY: We ideally look for basing support at 99.60/21 to hold to see a test of the 101.65/81 where we expect a fresh attempt at a top. – EUR/SEK: […]
FX Daily Crosses
Today’s highlights: – EUR/GBP: The spotlight remains on the .7950/64 barrier and while below here the medium-term downtrend remains intact. – EUR/JPY: While trend support at 97.65 holds, recovery risks to 100.00/01 remain intact.
FX Daily Crosses
Today’s highlights: * EUR/GBP: The .7950/64 barrier continues to cap and only above it would signal a base. * EUR/JPY: The stalemate sees prices in a range, but while trend support at 97.30 is intact recovery risks remain to 100.00/01 ahead of 100.72 where we would expect selling.
FX Daily Crosses
Today’s highlights: * EUR/GBP: The spotlight remains on the .7950/64 barrier. * EUR/JPY: The deadlock continues, but while trend support at 97.30 holds, the recovery risks remain to 100.00/01 ahead of 100.72 where we would expect selling.
FX Daily Crosses
Today’s highlights: * EUR/GBP: An inside session sees a quiet start to the week and the spotlight still on the .7925/64 barrier, which we still look to try and cap to keep the medium-term trend lower.
FX Daily Crosses
Today’s highlights: * EUR/GBP: We look for renewed selling to emerge at .7930/64 and for the downtrend to resume from here. * EUR/JPY: Prices continue to coil sideways, but while 97.73/72 minimally holds recovery risk remain to 100.00/01 ahead of 100.72, where we would expect renewed selling.