Tag Archives: AUD/USD
Asian Currencies Technicals
AUD/USD: 200-DMA Test Remains Favoured. The AUD/USD continues to oscillate around the Ichimoku Cloud top ($1.0441) as it treads water just above the 21-DMA.
AUDUSD in an interesting pivot zone
The technicals for AUDUSD are deliciously complicated, though the current pivot zone is an interesting area for bears to test their case as it’s fairly straightforward to see where they will be proven wrong.
AUD/USD Analysis
Closed in NY at $1.0454 after recovering from intraday lows of $1.0410 to $1.0456 into the close. Rate initially squeezed down to $1.0436 in early local trade before recovering to retest that NY recovery high only to meet Aussie-yen sales as Japanese showed strong yen demand into the Tokyo fix.
Asian Currencies Technicals
AUD/USD: Focus Now On 200-DMA Tests. Very overbought daily RSI, Slow Stochastic and Momentum studies appear to be taking their toll on the pair with the immediate focus now on tests of the 200-DMA.
FX Daily Strategist: Europe
– USD sell-off to persist, market waiting for a short-USD catalyst We expect the US dollar to continue a depreciating trend over the weeks and months ahead. This is despite the lack of a clear directional move in the dollar at the beginning of this week.
Technical Analysis
EURUSD is allowed to pause the otherwise paced move higher. Levels at 1.3060 or possibly even 1.2975 could be rechecked… EURJPY has rushed higher, but also a touch too fast.
AUD/USD Analysis
Closed in NY at $1.0474 having extended its corrective pullback from Friday highs at $1.0625 to $1.0455. Rate dropped to $1.0437 on release of RBA Minutes, the market reacting to comments that RBA saw scope to cut rates should outlook worsen significantly.
Asian Currencies Technicals
AUD/USD: Dips back towards key support. AUD/USD has dipped back towards the Sept 12 lows with a close below needed to relieve topside pressure and risk a retest of the Sept monthly lows at $1.0165.
Asia Today: Risk rally stalls; US to fight China on auto subsidy
Asia kept risk and related currencies at their post-FOMC highs in the early stages of the day as a Tokyo holiday reduced both liquidity and activity.
Asian Currencies Technicals
AUD/USD: Spikes above upper Bolli to continue. The pair remained capped ahead of the Mar 19 highs to end last week, closing back below the now rising 21 day upper Bollinger band ($1.0582).
FX Daily Majors
Today’s highlights: – EURUSD: Break through 1.2975/95 now exposes the 78.6% Fibonacci extension resistance hurdle of 1.3178. Corrections likely to hold above 1.2858.
AUD/USD Analysis
From reports coming in from Asia traders the Aussie was the standout performer in overnight trade. Rate opened at $1.0547, having seen post FOMC react highs of $1.0569 before it pulled back to $1.0536 ahead of the close.