Tag Archives: AUD/USD
Asian Currencies Technicals
AUD/USD: Aug 2 lows finally give way. The pivotal support noted at Aug 2 lows finally gave way and now sees initial focus on a retest of the 200 day moving average with back down to July monthly lows targeted overall.
FX Daily Majors
Today’s highlights: * EURUSD: Aggressive rally higher leads to a re-test of the 1.2387/8 resistance hurdle. Failure here keeps the downside threat alive, but above exposes 1.2444/79.
Technical Analysis
Higher EUR/SEK, AUD/USD testing key support… EUR/USD Bounced off the flag floor… AUD/USD Important junction just below… USD/JPY Enough?… EUR/SEK 8.31 a first hand target…
Asian Currencies Technicals
AUD/USD: Aug 2 lows seen as pivotal. The correction from four month highs has paused ahead of the 21 day moving average and the somewhat pivotal $1.0436 Aug 2 lows as daily tech studies continue to unwind their overbought condition.
AUDUSD in no-man’s land, but not for long.
AUDUSD is in no man’s land between 1.0450 and 1.0500. It won’t take much of a move from here to either confirm or deny both the bearish and bullish arguments.
Asian Currencies Technicals
AUD/USD: Dips below 21 day moving average. The AUD/USD has extended the sequence of lower highs and lows, dipping below the 21 day MA for the first time in a month with the Aug 2 lows remaining somewhat pivotal.
FX Daily Majors
Today’s highlights: * EURUSD: Failure to break above 1.2387/8 and subsequent reversal lower turns the focus back on 1.2242. Through here signals the start of next leg lower to 1.2042, then 1.1876.
Technical Analysis
UpThrust” warning on the S&P500 index!… EUR/USD Respecting resistance… AUD/USD Ongoing correction lower… EUR/SEK Mid-body support noted… EUR/NOK Could still recheck ~7.34\35… USD/NOK Testing resistance at 5.93\98…
Asia today: Risk currencies in tight ranges at lower levels
Once again Asia consolidated the overnight currency moves, only this time to the downside.
Asian Currencies Technicals
AUD/USD: Remains heavy, key support below. The double daily bottom didn’t last long with the break lower pausing ahead of initial support in the $1.0436-54 region.
FX Daily Majors
Today’s highlights: * EURUSD: Recovering back up towards 1.2388 interim chart resistance. We expect the market to break through here to challenge 1.2444/79 and then 1.2598.
AUDUSD set for test lower?
A critical area for AUDUSD today as the 1.0500 support level may be challenged. Momentum indicators are suggesting potential weakness as well.