Tag Archives: AUD/USD
Asia today: Bernanke QE hopes lift risk appetite (for now)
A Tokyo holiday ensured a quiet Asian session with risk currencies locked at slightly higher levels after the strong rebound seen towards the close on Friday.
Asian Currencies Technicals
AUD/USD: $1.0101-1.0330 range likely this week. Previous break below the 21 day ma was reversed sharply with the pair pausing at the 100 day ma.
Asian Currencies Technicals
AUD/USD: Takes out the 21 day moving average. Back below the 21 day MA has seen initial focus shift to tests of the $0.9972-99 region with a close back above the 21 day MA needed to hint at $1.0100-1.0330 range trading ahead.
Behavioral Finance: Daily Forex Outlook: Fed looks less dovish against the new backdrop
EUR USD (1.2235) Market disappointment at the Fed minutes has to be evaluated against the changed backdrop where other central banks namely the ECB and BoE, as well as several Asian monetary authorities have engaged in easing since the Fed meeting.
Technical Strategy: FX Trends daily (FOCUS: AUD/USD)
AUD/USD After hitting a high at 1.0330, the AUD/USD has resumed its decline and is testing a support at 1.0156 (23.6% retracement of May to July 2012 upward wave).
Daily FX Technical Strategy: Momentum points to higher dollar
Growth concerns dominated trading overnight. Low and falling US yields made no impact on the dollar which rose even against recently strong currencies like the AUD and KRW.
AUDUSD reversal gives bears a toehold
Bears have a better technical toehold on AUDUSD today after last night’s very ugly employment report reminds the market of the shaky status of the Australian economy.
Asian Currencies Technicals
AUD/USD: July 5 highs in focus. The pair has popped above the 200 day MA following the bounce from ahead of pivotal support at $1.0158.
Sidewinding market continues into FOMC minutes
The market shows an odd combination of relative complacency in risk assets while bonds continue to suggest weak growth prospects. Fairly dovish FOMC minutes likely priced in.
Technical Analysis
Small movements overnight but S&P took out the first support (in the support cluster), CRB added more confidence to a downside turn in commodities hence AUD with its three wave hourly pattern looks like a sell candidate.
Asian Currencies Technicals
AUD/USD: $1.0155-60 region key support. The pair remains heavy with the $1.0155-60 region confirmed as key support with the rising daily TL off 2012 lows also seen supporting here yesterday.
Daily FX Technical Strategy: Euro drifts closer to another major cliff edge
Over the past 24 hours the markets have taken a breather. The absence of any reversal signals during that time points to a period of consolidation leaving the main themes unchanged.