Tag Archives: AUD/USD
Technical Analysis
Commodities & their FXers pressured and Europe has a headache… EUR/USD Serious sub-1.30 attempt… AUD/USD Testing the downside stretch… USD/CAD Shooting at high end of range… EUR/SEK Likely popping resistance soon… USD/SEK Over 6.8820 would call for ~6.95… EUR/NOK 7.60 resistance under pressure.
AUD/USD Analysis
AUD has extended its losses Wednesday, weighed by lower Asian bourses and comments from Treasurer Wayne Swan in his post-budget address where he reiterated that the budget would give flexibility to the RBA to ease monetary policy further.
Behavioral Finance: Daily Forex Outlook: The pro-growth strategy has yet to emerge
EUR USD (1.2975) If the recovery of markets across all asset classes is any indication then the change of guard in France seems to have been accepted as a precursor to a non-confrontational Franco-German relationship.
FX Market Technical Research
EUR/USD has held the initial test of the 61.8% retracement of the move seen this year so far at 1.2954 and has seen a small rebound. While we would allow for the rally to fill the weekend gap to 1.3081. it should remain shallow and the risk will remain on the downside.
Technical Analysis
Markets could extend yesterday’s corrections some… EUR/USD Resistance at 1.3073\80-1.3120… USD/JPY “Doji” candle & Double-bottom… AUD/USD Retesting resistance then lower… EUR/SEK Non.-directional inside 8.86\93… USD/SEK Support likely @ ~6.79/77… EUR/NOK Still looking for an upper break… NOK/SEK “Sold” higher.
AUD/USD Analysis
AUD/USD remains in negative territory Tuesday holding above four month lows, after the pair plummeted to around $1.0110 on Monday, its weakest level seen on the year so far. The pair managed to rally back to $1.0221 late yesterday amid an improved tone in equity markets, although traders still see the upside constrained by the […]
Behavioral Finance: Daily Forex Outlook: The euro weighs the elections
EUR USD (1.2975) The importance of the US non-farm payrolls for the EUR/USD was short-lived as Europe delivered the much-awaited electoral results. Although in power on the back of an anti-austerity wave, the post-election tone of the new socialist president in France is likely to be more compromising than suggested on the campaign.
FX Market Technical Research
EUR/USD aggressively and has reached the 61.8% retracement of the move seen this year so far. While this may hold the initial test, the risk will remain on the downside and a move below 1.2954 is expected to trigger another leg on the downside to the 1.2624 January low.
Behavioral Finance: Daily Forex Outlook: Range-bound euro awaits electoral impulses
EUR USD (1.3155) While maintaining rates, ECB President Draghi essentially shifted any policy change to summer when more data on the economy would lead to a clearer assessment.
FX Market Technical Research
EUR/USD steadied somewhat yesterday after the ECB press conference. While we may see further ranging, the risk will remain on the downside and while capped by the 1.3262/68 downtrends, these are the 5 month downtrend and the 8 month channel.
Technical Analysis
CRB & commodity FXers are getting hurt… EUR/USD No strong pre-NFP directionals… AUD/USD Breaking the “Bearish Flag”… GBP/USD Lasting top in place?… EUR/SEK Support confirmed… USD/SEK Not where the best action is… EUR/NOK Notable sub-7.5425 rejection… NZD/NOK Look for 4.55, but likely more.
AUD/USD Analysis
AUD/USD is trading modestly lower Friday after the Reserve Bank of Australia disappointed traders trading on the short side by not expressly stating an intention to ease policy again, although a sharply lowered inflation forecast meant that there was still plenty of scope for stimulus.