Tag Archives: AUD/USD
Technical Analysis
Last week we saw the greenback ending on the strong side and equities, eur, jpy and commodities on the weak side. We are mainly looking for more of the same given that EURUSD has violated 1.2825 = sub 1.2804 (possible 1.2770 enough for the day), USDJPY stronger resistance 80.68/85,
FX Daily Majors
Today’s highlights: – EURUSD: Reverting to the 1.2882/70 support zone. We expect the market to break below here as well at 1.2803, to challenge the 1.2740 – 38.2% Fibonacci retracement.
AUDUSD: Another day, another reversal
AUDUSD tried above 1.0400 yesterday and overnight, but too many event risks in the pipeline mean that we may not get a directional commitment from the pair until after the US election.
Asian Currencies Technicals
AUD/USD: Testing Oct 18 Highs. The AUD/USD managed to come within a pip of the Oct 18 highs with a close above needed to maintain overall bullish focus and keep hopes of a retest of the Sept monthly highs alive.
FX Daily Majors
Today’s highlights: – EURUSD: Doji reversal yesterday and defence of the 1.3024 chart resistance hurdle points to a return to challenge the 1.2882/70 support zone. We expect lower to 1.2803
Daily FX Technical Strategy: Euro drifting into trouble?
Volumes picked up a touch into the month-end, but support for the euro appeared to evaporate and the post OMT bounce seems to be losing its spring.
FX Daily Strategist: Europe
– Stronger UK PMI to see GBPUSD rally The focus for G10 FX today will be the UK PMI which we expect to come in on the stronger side (49.50 vs. 48.30 consensus). This we believe should continue to underpin GBPUSD which has already reclaimed the 1.6100 level yesterday.
Asian Currencies Technicals
AUD/USD: Dip Back To $1.0290 Favoured. The AUD/USD continues to fail ahead of the Oct 18 highs with a close above needed to see a bullish focus maintained that has potential for a retest of Sept monthly highs.
FX Daily Majors
Today’s highlights: – EURUSD: 1.2885/2 support holds for a fourth time. Despite this the market remains capped by 1.3024 and therefore within a downtrend. We see risk through 1.2885/68 to 1.2740.
Asian Currencies Technicals
AUD/USD: Struggling Ahead Of Oct 18 High. The AUD/USD has had another bounce towards the Oct 18 highs but has again failed to close above which is needed to retain topside focus.
FX Daily Majors
Today’s highlights: – EURUSD: Decline lower persists for now, with the market threatening a top through 1.2863/35/03. We expect this support cluster to be targeted today. Below sees 1.2740.
Asian Currencies Technicals
AUD/USD: Layers of Support Noted. The AUD/USD continues to look heavy following the recent failures to test the Oct 18 highs but with the 21-DMA ($1.0286), rising daily channel base and the pivotal $1.0290 level supporting, we will continue to look for a close below to return focus to retests of the Oct monthly lows.