Tag Archives: AUD/USD
Daily FX Update
USD—NONFARM IS KEY RISK FOR JUDGING PATH • USD is broadly stronger, retracing yesterday’s weakness.
FX Daily Majors
Today’s highlights: • USDJPY beneath 98.72/58 is needed to see a bigger top for price and cloud support at 97.34/00.
FX Daily Strategist: Europe
PMIs cause consternation for USD bulls The big move to position long USD in May was driven in large part by a view that US activity was beginning to decouple in a favourable way from other major and EM economies.
AUD/USD Technical Analysis
(0,9690) The AUSSIE confirmed a strong closing yesterday after the confirmation of the suggested reversed S_H_S formation in the hourly chart.
Daily FX Technical Strategy: Recent trends tapered
Small signs of a pullback in European equities (CAC 40) were further confirmed by strong selling seen in EUR/CHF.
AUD/USD could correctively test >0.98
EUR/USD: Near-term price action is more bullish than bearish but short-term tools are mostly neutral after the best fit bearish wave count was overruled Fri (>1.3033).
UBS Morning Adviser
EURCHF Shorts Unstuck? EURCHF has not had the best of starts to the week as investors are opting for an abundance of caution amid rising volatility.
Daily FX Wrap and Strategy
The NZD/USD experienced quiet trading during Queen’s Birthday Monday. However, it was launched higher early this morning on the back of broad USD selling.
Asian Currencies Technicals
AUD/USD: The pair took out the $0.9695 level overnight with this level now noted as initial support and a close back below needed to see focus return to the 2013 low.
Daily FX Update
USD WEAKENS INTO IMPORTANT NONFARM WEEK • USD is broadly weaker retracing from Friday’s strong close. • CAD rallies, supported by China’s +50.8 PMI broad USD weakness.
FX Daily Majors
Today’s highlights: • NZDUSD has broken lower to our initial support target at .7923/14. We expect this to hold at first, but stay bearish for an eventual break lower to .7808 then .7655.
Daily FX Technical Strategy: Neutralising risk
An ongoing slide in the Nikkei preceded recent profit taking on the JGB bear trend and also on the S&P 500.