Tag Archives: AUD/USD

Daily FX Update

The combination of China’s interest rate cut and President Draghi strong words suggest a heightened level of

USD/JPY: had a sharp selloff after Japan Finmin Aso expressed concerns regarding rapid yen weakness earlier today.

EUR/USD is challenging the resistance at1.2577 (see also the declining trendline).

USDJPY extended its move lower to 117.50 on the back of Aso’s comments.

The pair opened at $0.8629 this morning after a $0.8591 to $0.8641 range during the US hours last night.

We were looking for a pullback in Aussie to correct the initial 5-wave rally from .8540 to .88.

EUR/USD continues to grind higher.

Today’s highlights: EURJPY continues to surge dramatically higher and

USDJPY continued to march higher to 118.45 in Asia trading.

The pair traded a $0.8602 to $0.8658 range during the US hours last night before it started this morning at $0.8615.

The sell-off Wednesday has seen layers of resistance develop in the $0.8657-0.8796 region with

Today’s highlights: EURUSD spotlight stays on the 1.2578 barrier,