Tag Archives: AUD/USD
Asian Currencies Technicals
AUD/USD: Spikes Below Bollinger Band Expected. After having taken out the Sept monthly lows the AUD/USD spent yesterday trading sideways below the initial resistance at $1.0274.
FX Daily Majors
Today’s highlights: – EURUSD: ‘Evening star’ reversal pattern turns the focus back on trendline support now at 1.2916. We expect a break below here for 1.2803/1.2740 support.
Global Technical Watch – Unable to hold gains
Friday’s price action in the S&P 500 was less than encouraging, as the market was capped by its Sep peaks and struggled into the close. The stronger mover was in US yields which snapped higher in range, back towards the 200-day average (1.81%).
Asian Currencies Technicals
AUD/USD: Focus On Sub-Parity Levels. Initial support is now confirmed at the double daily top from Oct 4 & 5 with multiple hourly failures noted at the $1.0270-75 region and stops now above.
FX Daily Majors
Today’s highlights: – EURUSD: Advance set to continue through 1.3048 interim resistance for a test of the 1.3172 high. – GBPUSD: Aggressive upside reversal suggests a return through 1.6274 to retest the 1.6310/20 longer-term resistance zone.
Asian Currencies Technicals
AUD/USD: Potential For $1.0169-1.0323. The AUD/USD is hesitating ahead of the Sept monthly lows with a close above the Oct 1 highs needed to see focus return to retests of the Sept monthly highs.
FX Daily Strategist: US
– Geopolitical tensions not yet systemically hurting markets; We stay USD bearish Markets are holding in well in holiday-thinned trading with Japan bourses outperforming following the rally up in USDJPY to a two week high.
FX Daily Majors
Today’s highlights: – EURUSD: Range-bound going into the ECB. We expect 1.2803 support to hold firm with breakout risk higher for 1.3048 and then 1.3172.
Daily FX Technical Analysis and Strategy
EUR/USD: Ranging – Investors are reluctant to drive EUR/USD strongly in either direction. Price emerged briefly through 1.2960 though is still lacking follow through.
Technical Analysis
EURUSD still range bound and as long as holding above 1.2870/80 no top confirmed in place, AUDUSD (& NZDUSD)small congestion before heading lower, underpinned by narrowing int rate spread, lower commodity prices etc, BOE GBP index exit rising wedge = weaker sterling,
Asian Currencies Technicals
AUD/USD: Pausing Ahead Of Sept Lows. The AUD/USD continued its move lower towards the Sept monthly lows, dipping below the 21 day lower Bollinger band ($1.0207) and closing below the 100-DMA and the 38.2% Fibo of the $0.9584-1.0624 move, all adding weight to the bearish case.
FX Daily Majors
Today’s highlights: – EURUSD: Prod above 1.2960 is capped at 1.2970 for now but broader recovery risk still intact whilst above 1.2803/1.2740 support zone for 1.3172.