Tag Archives: AUD/USD
Asia FX
Major FX pairs were stuck within narrow trading ranges in a holiday-thinned Christmas Eve session in Asia Monday as the U.S. fiscal cliff situation remained in limbo.
Asian Currencies Technicals
AUD/JPY: Focus Firmly On $1.0290-00 Region. Thursdays close on the 21-DMA was followed up with a sharp fall to end the week that closed marginally above the 21 day lower Bollinger band.
FX Daily Majors
Today’s highlights: – EUR/GBP: .8097 support continues to hold for now. Broadly, whilst above the .8047/34 support zone, the medium-term focus remains higher to .8263.
UBS FX Technical
EURUSD – The pair is consolidation following the sharp December rally and the test of resistance at 1.3284, the May high.
Asian Currencies Technicals
AUD/USD: Continuation Lower Now Favoured. The pair dipped below the 21-DMA yesterday for the first time since late Nov and we will now look for a close below the Dec 11 low as confirmation of a break of the 21-DMA and the resulting shift lower in focus.
FX Daily Majors
Today’s highlights: – EURUSD: Resistance found at 1.3309. This is likely to cap the market for now and a correction back to 1.3072/62 is plausible, before the next leg higher to 1.3487.
Daily FX Technical Strategy – USD takes a breather
It was a busy day in FX markets yesterday as USD selling ended abruptly and the yen corrected on the crosses.
Technical Alert
Eventful session yesterday with the euro up and all the way back down…creating a gravestone doji, a bearish setup for the day.
Asian Currencies Technicals
AUD/USD: Bounces Off 21-DMA On First Test. The pair has managed to take out the rising daily trend line off Nov monthly lows and the initial support but has bounced off the 21-DMA on the first attempt.
FX Daily Majors
Today’s highlights: – EURUSD: Probing the 1.3284 hurdle now. We expect the market to break out eventually through here and persist higher to 1.3388 and then 1.3487.
Technical Alert
EURUSD overlooked a potentially bearish “Doji” yesterday and demand at elevated levels is still visible. Refs above at 1.3284 & 1.3342 are now in sight.
Asian Currencies Technicals
AUD/USD: Holding Above Initial Support. The pair continues to hold above the initial support with the rising daily trend line off Nov monthly lows adding significance to this region again today.