Tag Archives: AUD/USD
Asian Currencies Technicals
AUD/USD: Immediate Topside Pressure Relieved. The immediate topside pressure has been relieved a little with the break back below the Dec 13 low which increases the risk of a pullback to the $1.0442-46 region with the 21-DMA noted at $1.0446.
FX Daily Strategist: US
– Weak USD view intact on Fed move, but fiscal cliff anxiety could slow the move Following yesterday’s big Fed announcement, the boost to risk sentiment has tapered off somewhat (stocks mixed in Asia and Europe)
Daily FX Technical Strategy – Important yen breakout signals
Over the last 24 hours, the yen has burst into life, breaking major support levels on heavy volume.
FX Daily Strategist: Europe
– Fed delivers, further USD weakness ahead; stay long AUDUSD The Fed announced that it will continue to purchase long-term Treasuries after the expiration of Operation Twist at a pace of USD 45bn per month, implying a switch to a net balance sheet expansion at the pace of USD 85bn per month.
Asian Currencies Technicals
AUD/USD: Sept Monthly Highs Just Above. Immediate focus remains on the Sept monthly highs for the AUD/USD with a break above then seeing the 2012 highs come into the picture.
FX Daily Majors
Today’s highlights: – EURUSD: Break through 1.2974/2 resistance secures a base and allows the market to continue gains back towards range highs at 1.3127/40/72 eventually.
Technical Alert
EURUSD has made it back to key near-term resistance at 1.3020, but there is also support likely at 1.2975…
Asia FX Market
The dollar weakened slightly against the euro ahead of a U.S. Federal Reserve rate meeting later Wednesday, but gained ground against the yen on a possible further easing in BOJ monetary policy.
Asian Currencies Technicals
AUD/USD: Tests Upper Bollinger Band. Fresh nearly 3 month highs for the AUD/USD see the 21 day upper Bollinger band retested with spikes above expected until a close back below the 21-DMA is seen.
FX Daily Majors
Today’s highlights: – EURUSD: Rebound now back probing the 38.2% retracement and chart resistance zone of 1.2972/4. A breakout above here is required to allow for an advance back towards 1.3127.
Daily FX Technical Strategy – EUR resilience
The sharp sell-off in peripheral European equity indices was largely ignored by FX markets on Monday, as the EUR showed signs of bullish resilience.