Tag Archives: AUD/USD
Asian Currencies Technicals
AUD/USD: Ends Session Looking Heavy. AUD/USD is looking a little heavy with an increased likelihood of a dip back towards layers of support in the $1.0330-50 region with the 21-, 100- ($1.0351) & 200-DMA’s ($1.0333) clustered in this region as well as a double daily bottom ($1.0332-34).
FX Daily Majors
Today’s highlights: – EURUSD completes a bearish “outside range” day, but needs to remove 38.2% retracement support at 1.2740 to reinforce the top. – USDCHF stages a strong recovery to maintain its base, and we look for further strength to .9503 next.
Asian Currencies Technicals
AUD/USD: $1.0330-50 Region Key Support. Fresh 4 week highs for the pair yesterday with initial support now seen at $1.0418, although the $1.0330-50 region remains key with 21, 100 ($1.0347) & 200-DMA’s ($1.0335) clustered in this region as well as a double daily bottom ($1.0332-34).
FX Daily Majors
Today’s highlights: – EURUSD: Rebound higher brings the market back up to throwback resistance at 1.2875 as anticipated. Some overshoot above here expected, but we look for 1.2907 to cap.
Asian Currencies Technicals
AUD/USD: Focus Turns To Sept Monthly Highs. The close above Friday’s highs sees overall focus turn to retests of the Sept monthly highs.
FX Daily Strategist: US
– The RBA left policy unchanged, AUDUSD breaks above 1.0400 The RBA remained on hold referencing slightly higher-than-expected inflation and some improvement in global conditions. It sees growth around trend over the past year and expects resources investment to peak next year.
A monthly run through the long-term charts
The euro is still facing headwinds and German yields are still trending lower The ECB EUR index has been allowed a correctional lift to re-check into the lower end of the still sharply falling 12mt Moving Average band, which represents resistance together with a 2009-2012 descending top line and the 2010 lows near the 100-mark.
Daily FX Technical Strategy: USD/JPY turns as US tens beak down
Recent moves in rates markets are spurring activity in FX space. The downside break in US 10y yields signals a further pullback within range.
Technical Analysis
The dollar goes into Election Day on a firm footing… Or is the euro that is weak? Either or, EURUSD looks set to extend losses into next support at 1.2748-41…
Asian Currencies Technicals
AUD/USD: Lower Levels Remain Favoured. The pair recovered a little lost ground yesterday but currently remains capped at the $1.0370 level and needs to close above Friday’s highs to return focus to retests of Sept monthly highs.
FX Daily Majors
Today’s highlights: – EURUSD: Market completes a top through neckline support at 1.2870, while also prodding below the 200-day MA. We see risk to 1.2740. Below here exposes 1.2502.
FX Daily Strategist: Europe
– Australian retail sales data give go ahead to RBA rate cut Our economists note that broad-based weakness in Q3 led real retail sales to fall by 0.1% q/q, the worst performance for almost two years.