Tag Archives: AUD/USD
Asian Currencies Technicals
AUD/USD: Focus Remains Topside For Now. AUD/USD has taken out initial resistance at $1.0440 with a close above needed to maintain focus on the rising daily channel top around $1.0545 and then Sept monthly highs above.
G10 FX Spot Commentary
EURUSD : Support – 1.2675 , 1.2650/40 , 1.2500 Resistance – 1.2740 , 1.2780/90 , 1.2880 , 1.2985 The Greece situation continues to fumble along making plenty of noise – now between Juncker (head of Eurogroup) and Lagarde (head of IMF), it still seem likely that a solution will be found in the near future, […]
Asia Today: Oz business conditions deteriorate; Asia ranging
Holidays across the Asia region meant we had another quiet, range-bound session today.
Asian Currencies Technicals
AUD/USD: Bounces From Key Support Region. The $1.0330-50 region remains key support with the AUD/USD bouncing back towards the Nov 7 and 8 highs to start the week.
FX Daily Majors
Today’s highlights: – EURUSD: Downtrend continues lower, and after the break through 1.2740 the focus now shifts to the 1.2502/1.2474 support cluster.
G10 FX Spot Commentary
EURUSD: Support – 1.2690, 1.2650, 1.2500 Resistance – 1.2740, 1.2780/90, 1.2880, 1.2985 Greece pass the budget overnight but and now the onus is back on Europe to approve the next tranche,
Asia Today: Better China trade data but export growth is patchy
It was a steady and uneventful start as trading got underway in this holiday-affected week. Opening currency levels were not much removed from Friday’s NY close.
Asian Currencies Technicals
AUD/USD: Test Of Key Support Region Likely. The $1.0330-50 region remains key support with a close below expected to see stops triggered and focus turn to tests of the Oct monthly lows.
FX Daily Majors
Today’s highlights: – EURUSD will ideally hold below 1.2875/86 to maintain its top, for a decline to 1.2502/1.2474. – USDCHF is expected to hold support at .9380 to maintain its base, for further strength to .9503 next.
FX Daily Strategist: Europe
– RBA revises growth forecasts moderately lower but little impact in AUDUSD The RBA cut its growth forecast for 2013, warning that the mining boom will peak earlier and at a lower level than expected as weaker commodity prices curb investment plans. The RBA expects growth of just under 2.75% for the year ending 2013 […]