Tag Archives: AUD/USD
Technical Analysis
No major moves found overnight with the EUR going nowhere, however the Antipodeans continues to lose ground, printing three wave corrective patterns on each and every upside attempt (60 min chart),
Asia today: Oz Q2 capital expenditure firm, but AUD stuck at lows
Once again, Asia started today’s session in a positive mood with the spillover from better US data encouraging risk appetite. It didn’t last, however, and currency pairs were slumped at the bottom of the day’s (albeit narrow) range by lunch.
Daily FX Technical Strategy – EUR squeeze is not yet a game changer
FX volumes picked up yesterday following the long weekend in the UK but remain at levels that suggest the summer doldrums will persist this week into the month end.
FX Daily Strategist: Europe
* EUR Short covering remains the big driver The big driver in FX continues to be short covering of EUR positions on anticipation of a strong ECB response to lower sovereign debt yields; yesterday’s news that ECB Draghi won’t be attending the Jackson Hole conference on account of a busy schedule play to this.
FX Daily Majors
Today’s highlights: * EURUSD: Rebound brings the market back up towards the 1.2593/8 resistance hurdle. Whilst below here the bias remains lower for 1.2431, then 1.2337
Asian Currencies Technicals
AUD/USD: Chopping around lower Bollinger band. The AUD/USD continues to chop around the falling lower 21 day Bollinger band as it heads towards the initial target at the 200 day moving average.
Euro re-squeezed ahead of Friday’s main event
The positioning squeeze on stale short Euro and long Aussie trades continues as the markets mull how much QE3 is priced in and what Bernanke may or may not hint at this Friday.
FX Daily Strategist: Europe
* Weak China data set market tone, although light volumes keep price action limited The combination of a light data calendar and a UK holiday kept volumes light and FX markets directionless. However, the main focus for FX markets has been on China.
Technical Analysis
Aussie is down under, scandies fare better… EUR/USD Set to test mid-1.24 support… EUR/JPY Bullish flag or a top forming… AUD/USD Testing sort-term key support… EUR/SEK Gunning for the 8.2020 low…
Asian Currencies Technicals
AUD/USD: Initial focus remains on 200 day MA. Minor new 4 week lows again for the pair as it continues to pause in the $1.0370/75 region.
Technical Analysis
Gold shines & AUD/USD erasing support… EUR/USD The “cloud” so far capping… AUD/USD Ended below 1.0410… EUR/SEK All correction targets met… USD/SEK Still hovering above support…
Asian Currencies Technicals
AUD/USD: 21 day lower Bollinger comes into play. The correction from the $1.0540-45 region continues with the pair trading at fresh 4 week lows to end last week.