Tag Archives: AUD/USD
Daily FX Technical Strategy: The sun shines for USD/JPY as clouds break
On Friday risk took a step back as base metals markets fell sharply and US equity markets dipped. Despite this decline, it is far from certain that the move is sustainable, given the recent ranging environment.
FX Daily Strategist: Europe
– EURUSD enters a more bullish phase; Data unlikely to raise ECB easing expectations The EURUSD crept up again on Monday after Spain’s prime minister won an election victory yesterday in his home region of Galicia. This victory likely removes a hurdle for Madrid to apply for EU/ECB intervention via OMTs.
Asian Currencies Technicals
AUD/USD: $1.0290 Support Seen As Pivotal. The close back below the 200-DMA to end last week doesn’t bode well for the current move higher but we continue to look for a close below the $1.0290 support as confirmation of a false break higher last week.
FX Daily Majors
Today’s highlights: – EURUSD: Correcting lower from flagged trendline resistance at 1.3140. Our bias remains bullish and we expect this correction to gain traction and rebound higher from 1.3005/1.2993 support zone.
Asian Currencies Technicals
AUD/USD: Dipping Back Towards 200-DMA. Following the break to fresh three-week highs, AUD/USD is dipping back towards initial support noted at the 200-DMA although a close below the $1.0290 support is needed to confirm a false break above the 200-DMA.
FX Daily Strategist: US
– AUD rallies with rebounding China sentiment eclipsing RBA easing expectations The stronger batch of activity data out of China this morning should help negate the bearish AUD view brought on by the unexpected Oct 2 RBA cut.
FX Daily Strategist: Europe
– Rebounding China sentiment to provide tailwind to AUD While more mediocre US earnings releases overnight have not provided a positive catalyst in themselves, the stronger batch of activity data out of China this morning should help maintain positive sentiment.
Asian Currencies Technicals
AUD/USD: Closes Above 200-DMA. With a close above the 200-DMA needed to shift focus higher the pair now turns its immediate attention to the falling 21 day upper Bollinger band coming in around $1.0510 today.
FX Daily Majors
Today’s highlights: – EURUSD: Breakout above 1.3074 resistance paves the way for a challenge of the 1.3172/78 resistance zone. Note 1.3150 trendline resistance in the interim.
Daily FX Technical Strategy: EUR looks up
Positive moves in European equities, such as the bullish flag and double-bottom confirmation in the French CAC, along with the bullish break in Italian 10y Government Bonds toward the 2012 yield lows near 4.68%, have prompted a more optimistic outlook for the EUR.
Asian Currencies Technicals
AUD/USD: Initial Resistance Continues To Cap. The Oct 11 highs confirmed their significance as initial resistance overnight with the pair failing just ahead.
FX Daily Majors
Today’s highlights: – EURUSD: Support is found at 1.2891 turning the focus higher again for through 1.3011 to challenge the 1.3074 hurdle initially.