Tag Archives: AUD/USD

Daily Technical Report

EUR/USD has successfully tested the support at 1.2358.

Today’s highlights: EURUSD spotlight remains on the 1.2358 low.

NZD led declines in G10 FX, down 0.5% to 0.781. AUDUSD resumed its downtrend to 0.858.

The pair traded in a $0.8602 to $0.8642 during the US hours last night and found support off that low as it headed into the NY close.

Another failed attempt to surmount the 21-DMA Monday combined with

EUR/USD collapsed on Friday.

Today’s highlights: EURUSD spotlight turns back to the 1.2358 low,

AUD rebounded to 0.87 this morning, but still below its Friday high post PBoC’s rates cut.

The pair opened at $0.8669 this morning and inched higher in early pre-Asian dealings.

Australia does an unusually large amount of Capital Expenditure for a rich and developed country – a land of opportunity!

The bounce from ahead of 2014 lows Thursday combined with the continuation higher Friday is hinting at shift higher in focus.

The ECB is getting more vocal on a potential full-scale QE as inflation and inflation expectations threaten its price-stability mandate.