Tag Archives: AUD/USD
Asian Currencies Technicals
AUD/USD: Narrow Consolidation To Start The Week. Narrow sideways trading continues following Friday’s break higher with a close back below the Nov 20 low currently needed to remove the bullish focus.
FX Daily Strategist: US
– Better than expected Catalonia’s election result and pending Greek deal to push EURUSD higher The regional election result in Catalonia, Spain, came out better than expected. The main separatist party CiU lost seats (from current 62 to 48 of 135 total)
Daily Market Fundamental Levels
EUR/USD: $1.3020/25 Strong offers/Stops, also buy entry triggers $1.3000 Strong offers on approach/Option barrier/Stops
FX Daily Majors
Today’s highlights: – EURUSD: Acceleration higher brings market up towards the long term downward trendline spanning lower from 1.4944 – at 1.3074. Failure here see risk back to 1.2868 initially.
Daily FX Technical Strategy – EUR/USD short squeeze threatens trendline resistance
The market was short and caught EUR/USD last week, causing an impressive squeeze and turning attention this week to trendline resistance at 1.3045.
Asian Currencies Technicals
AUD/USD: Focus Returns To Sept Monthly Highs. After remaining capped at the Nov 20 highs for most of Friday the pair close above this level which now sees focus shift back to retests of the Sept monthly highs.
FX Daily Majors
Today’s highlights: – USDJPY: Initial failure at 83.09/82.99 resistance zone. Despite this we remain bullish and expect to see an eventual upside break and extension higher through 85.54 to 87.57.
Daily FX Technical Strategy – Dollar downside
The uptick in European equities is keeping near-term pressure on the US dollar and a low close (below 81.00) in the US dollar index would confirm a near-term top.
FX Daily Strategist: Europe
– We re-establish USD shorts ahead of key events With US markets closed overnight for Thanksgiving and Japanese markets closed today, expect a range bound market. Carry looks to be the dominant near-term theme.
Asian Currencies Technicals
AUD/USD: More $1.0290-$1.0420 To Come. Sideways trading continues for the AUD/USD with more $1.0290-1.0420 trading expected to end the week.
FX Daily Strategist: US
– EUR to remain supported despite weak eurozone economic picture The eurozone composite PMI rose ever so slightly in November, to 45.8, from 45.7 in October.