Tag Archives: AUD/USD
Technical Analysis
The aussie seems to be the prevailing underdog now, with SEK & potentially also the GBP set to continue to underperform… EURUSD is stuck in range and FIRMLY outside outside 1.2820-1.2970 is needed to see a directional tilt…
Asian Currencies Technicals
AUD/USD: Potential For Fresh 2012 Lows. The AUD/USD finally managed a close below the 200-DMA ($1.0346) with the immediate focus now on the $1.0168-1.0237 region.
FX Daily Majors
Today’s highlights: – EURUSD: Support found at 1.2803 trendline support ahead of the 1.2740 38.2% retracement. We expect a breakout above 1.2838 to allow for risk up to 1.3048 initially, then 1.3172.
FX Daily Strategist: Europe
– AUD crosses to weaken following unexpected RBA cut; Statement dovish RBA unexpectedly cut rates by 25bps 3.25 per cent delivering a fairly dovish statement suggesting that further rate cuts lie ahead. The RBA statement was quite dovish on all points, and there was a noticeable increase in concern over the China growth outlook.
AUD/USD Analysis
Aussie-dollar started the day near $1.0360 and then ran into selling pressure mainly through demand for euro-aussie cross, which eventually pushed aussie-dollar down to a $1.0352 morning low.
Asian Currencies Technicals
AUD/USD: Another Dip Below The 200-DMA. Another spike below the 200-DMA ($1.0345) for the pair keeps the pressure on lower levels, but a close below the 200-DMA is needed to see focus turn to retests of the Sept monthly lows at $1.0169.
AUDUSD at huge pivot ahead of RBA meeting
The RBA meeting is up tonight and this is a huge week for US economic data, so look for AUDUSD to make a statement one way or another this week as it trades in a key pivot area ahead of all the event risks.
FX Daily Majors
Today’s highlights: – EURUSD: Reversal on Friday from resistance found at 1.2838 turns the focus lower to the 1.2740 38.2% retracement which is expected to hold.
FX Daily Strategist: Europe
– Markets sluggish on Chinese PMI; AUD heavy on crosses Markets are sluggish in holiday-thinned Asian markets today with Chinese data yet again disappointing. The official NBS PMI came in contractionary territory for the second straight month (the first consecutive sequence since 2009) and following the weekend HSBC PMI (contracted 11th month).
Asian Currencies Technicals
AUD/USD: 200-DMA remains key support. The pair managed to briefly pop above the Sept 25 highs before heading back towards the key support noted at the 200-DMA.
Asian Currencies Technicals
AUD/USD: Pressure Shifts Topside. After failing to close below the 200-DMA pressure is on the Sept 25 highs topside, with a close above seeing focus return to tests of the Sept monthly highs so far at $1.0624.
FX Daily Majors
Today’s highlights: – EURUSD: Holding the 1.2836/29 support cluster we expect a break above trendline resistance now 1.2920 followed by an extension higher to 1.3048 first.