Tag Archives: AUD/USD
FX Daily Majors
Today’s highlights: – EURUSD: Range bound between the 1.2803/44 resistance zone and support at 1.2662. We continue to look for 1.2844 retracement resistance to cap, with risk to 1.2502.
Asian Currencies Technicals
AUD/USD: Spikes Below Lower Bollinger Expected. Friday’s move lower pulled up just short of the 21 day lower Bollinger band before recovering a little lost ground into the close.
Daily Market Fundamental Levels
EUR/USD: $1.2850 Strong offers $1.2825/30 ($1.2827 – 6 Nov prev high)
FX Daily Majors
Today’s highlights: EURUSD: Advance now approaching important resistance hurdles at 1.2803/12/44. We expect the latter 1.2844 to cap, with a reversal lower most likely to then target 1.2502.
G10 FX Spot Commentary
GBP – Early eurgbp seller catches the market off guard. Short term market makers are short sterling but the demand is solid and quality names.
Asian Currencies Technicals
AUD/USD: Overall Focus Now On Oct Monthly Lows. The pair has taken out the previously mentioned $1.0330-80 support region with the close below the 21-DMA, 100-DMA, rising daily channel base and Ichimoku cloud now shifting overall focus to retests of the Oct monthly lows.
FX Daily Majors
Today’s highlights: – EURUSD: Trendline break exposes 1.2791 resistance. Scope for a brief prod above here to the 38.2% Fibonacci retracement hurdle of 1.2844, which should then cap.
Global Technical Watch – Risk relapse and profit taking
Risk assets came under pressure yesterday. US equities broke down through recent range lows and hard assets such as copper and aluminium posted bearish days, with the “shooting star” in aluminium suggesting a top.
Asian Currencies Technicals
AUD/USD: Layers Of Support Back In Focus. The AUD/USD reversed sharply from a spike above the 21 day upper Bollinger yesterday and put in a bearish key day reversal, but this means little until the pair takes out layers of support in the $1.0330-80 region.
FX Daily Majors
Today’s highlights: – EURUSD: Rebounding from support found at 1.2662 and threatening trendline resistance located at 1.2742. We look for a break above here and extension towards 1.2877, which should then cap.
AUD/USD Analysis
The Australian dollar was among the main movers through an otherwise lackluster Asian morning, gaining early on a positive consumer sentiment report from Westpac and the Melbourne Institute.