Tag Archives: AUD/USD
FX Daily Majors
Today’s highlights: – EURUSD: Range-bound for now, between 1.2803 support and resistance at 1.3140. Friday’s doji reversal warns of a rebound higher within this range back to 1.3024.
Asian Currencies Technicals
AUD/USD: $1.0290 Remains Pivotal. The AUD/USD confirmed the significance of the $1.0290 support level to end last week with the pair bouncing back towards the Oct 18 highs.
FX Daily Majors
Today’s highlights: – EURUSD: The focus remains lower within the current range, with risk to 1.2885/60 support zone, where we look for buying interest to emerge.
Asian Currencies Technicals
AUD/USD: Focus Remains Higher For Now. The $1.0290 level remains key support to end the week with a close below needed to relieve the current topside focus following the past two days of higher highs and lows.
FX Daily Majors
Today’s highlights: – EURUSD: Support minimally found at 1.2920, however, the risk is for a test of the 1.2891/85 support zone still, where we envisage renewed buying interest for back to 1.3140/72.
Asian Currencies Technicals
AUD/USD: Focus Returns To Oct 18 Highs. After heading higher once more the AUD/USD found support on a dip back to the $1.0290 level which again becomes initial support.
FX Daily Strategist: US
– EURUSD decline to be temporary; Weak US GDP to result in weak USD Today’s European PMIs and German IFO came in softer, resulting in some EUR weakness. A multi-day decline in EURUSD would not surprise us with periodic bouts of USD support should the earnings season-which not even halfway throughdisappoint (more below).
FX Daily Majors
Today’s highlights: – EURUSD: Reversal lower from 1.3084 results in a minor top through 1.3011/12 support. The focus is now on 1.2891/85 chart/trendline support.
Asian Currencies Technicals
AUD/USD: Below $1.0290 Shifts Focus Lower. Last week’s move above the 200-DMA has been reversed with the break and close back below the pivotal $1.0290 level confirming.
Daily FX Technical Strategy: Aussie offered
While US equities showed signs of stability on Monday, closing marginally higher on the day, hard assets such as base metals continue to lose ground.
Asian Currencies Technicals
AUD/USD: $1.0290 Remains Key. Although AUD/USD remains heavy it does continue to remain above the key $1.0290 support level with the 100-DMA noted around the $1.0305 level.
FX Daily Majors
Today’s highlights: – EURUSD: Rebounding higher from the 1.3005/1.2993 support zone. We expect a resumption of the upward trend through 1.3140 and 1.3172/8 for a continuation up to 1.3388.