Tag Archives: AUD/USD
FX Daily Strategist: Europe
* Eurozone political and ECB developments in focus. EUR upside beckons As the London morning starts, EURUSD is trading close to seven week highs at 1.2550 – 1.2600. The market focus still remains firmly on the ECB’s extraordinary policy response on which details are not yet fully available.
Technical Analysis
In the search of a €/$ peak. AUD @ great risk!… EUR/USD Another attempt to peak… AUD/USD Watch out for a 1.0410 break!… USD/JPY Creating a bear flag… EUR/SEK Looking for 8.26/28 bids…
Asian Currencies Technicals
AUD/USD: Pressure remains on initial support. The $1.0540-45 region capped the bounce perfectly and remains the pivot point with a close above needed to shift focus higher.
We didn’t start the fire, but we’ll fuel it! FOMC over reaction?
There is plenty to talk about this morning and yet nothing overtly new in the scheme of things. What was supposed to be a non-event last night turned out to be the lighting of a very short fuse and ensuing USD sales.
FX Daily Majors
Today’s highlights: * EURUSD: Breakout above 1.2444/79 key resistance results in an acceleration higher towards the more critical cluster of Fibonacci hurdles at 1.2593/8, which should cap.
Asian Currencies Technicals
AUD/USD: Bounces from Aug 17 lows. The pair has managed to find support ahead of the Aug 17 lows as initial focus remains on retests of the 200 day moving average ($1.0297).
Americas FX Daily
EUR crosses hold onto overnight gains What happened overnight * Japan reports a worse than expected trade deficit in July * South Africa CPI data fails to show impact of higher food prices * We recommend short-dated USDJPY RKI risk reversals
FX Daily Majors
Today’s highlights: * EURUSD: Threatening the 1.2479 61.8% Fibonacci retracement hurdle after yesterday’s aggressive rally through 1.2383/7/8 resistance zone.
Asian Currencies Technicals
AUD/USD: Aug 14 highs pivotal resistance. The bounce in the AUD/USD fell short of the Aug 14 highs with above this level still needed to see focus shift back to retests of 2012 highs.
FX Daily Majors
Today’s highlights: * EURUSD: Challenging 1.2383/7/8 resistance cluster. We highlight that an upside break above here completes a minor base with risk higher to 1.2444/79.
Asian Currencies Technicals
AUD/USD: Inside day to start the week. An inside day to start the week for the pair with the 21 day moving average capping the days rally.
FX Daily Majors
Today’s highlights: * EURUSD: Indecisive price action continues after failure ahead of 1.2383/7/8 resistance zone. We expect the market to retest 1.2242/56 support zone. Below exposes 1.2134.