Tag Archives: AUD/USD
AUD/USD Analysis
Aussie traded a $0.9343 to $0.9383 range in the US last night and then moved higher after it opened at $0.9360 this morning.
Daily FX Wrap and Strategy
The NZD/USD was shunted around with the rest of themajors as markets responded to the US retail sales report. But overall, the currency is little changed,just 0.2% higher at 0.8630.
AUDUSD – bull flag on daily lead to s new bull flag on hourly; to .9600
We flattened our Aussie long near wave-(3) anticipating a wave-(4) correction minimally to .92. The correction completed and held key channel support.
Daily FX Update
Markets are relatively quiet with the USD focused on individual domestic stories and negative developments for EUR. The Bundesbank has suggested that it would support stimulus;
FX Daily Majors
Today’s highlights: EURGBP has broken key support at .8165/55 and we look for further weakness to .7800.
The Global Macro Pulse
The Indian rupee was the main mover in Asia trading. USDINR gapped 0.8% lower to 59.60, its lowest level since July 2013, as exit polls projected a strong victory for the BJP-led coalition.
Daily Technical Report
EUR/USD is trying to stabilise after its recentsharp decline. Resistances for a short-termrebound are given by 1.3812 (02/05/2014 low)and 1.3871 (intraday high, see also the 50%retracement).
UBS Morning Adviser
A risk-off trade by nature, but direct FX link is possible On Monday UBS Macro Strategy proffered the view that it is now time for investors to
AUD/USD Analysis
Aussie opened in Asia at $0.9362 this morning after a $0.9357 to $0.9386 range in the US last night but has seen a fairly muted morning so far.
FX Flows From Hedge Funds
Net euro selling over UBS’ books hit a 5-week high last week as ECB President Draghi indicated the strong euro’s disinflationary impact “will have to be addressed”.
Asian Currencies Technicals
After making headway above the 21-DMA ($0.9322) the AUD/USD is pausing at the $0.9395 resistance level. Initial support is now noted at the $0.9348 May 9 low with bears needing a close below to ease the bullish pressure.
Daily FX Wrap and Strategy
The NZD/USD has been tightly range-bound over the past24-hours. It sits little changed at 0.8620 this morning.Overall, currency markets traded without too much dramaovernight, and the NZD was no exception.