Tag Archives: AUD/USD
FX Market Technical Research
EUR/USD is right at the top of the 1.3280 range, this represents a return to point of break out from the previous uptrend (see weekly chart on the next slide). However the move yesterday looks directional and that the market appears to be breaking higher from a bull flag pattern.
AUD/USD Analysis
Opened in Asia at $1.0805 having consolidated the earlier sharp jump following the RBA’s announcement to leave rates on hold which caught the market wrong-footed, and led a sharp rally to highs of $1.0822 in Europe yesterday.
Asian Market Summary
EUR opened on a firm footing in Asia after progress was made yesterday in the Greek debt swap deal on confirmed reports that an austerity agreement was being drafted and would be presented to the cabinet today.
Technical Analysis: USD-TRY at strong support
USD-TRY is at a strong support zone with a high risk of an upward reversal. Gold has broken down from its ending diagonal and the structure of the initial fall suggests more weakness to come. Stocks are at the upper limits of the bear market rally from October but EUR-USD may have another short-term rally […]
Behavioral Finance: Daily Forex Outlook: Can Greece save more?
EUR USD (1.3110) Yesterday yet another deadline set for Greek politicians to concur on austerity expired and news circulated that the Greek PM has instructed the Finance Ministry to calculate the costs of a eurozone exit. The euro, however, resolutely stuck to a range set mid last week.
Technical Analysis
EUR/USD is still in waiting mode – not knowing if it’s a top forming or a bullish flag in creation… GBP/USD on the other hand looks a tad more bullish and a +1.5884 high looks increasingly likely… AUDUSD has been carried into yet another fresh high after the RBA surprise this morning…
European FX Daily – RBA boosted AUD
– AUD surged as RBA unexpectedly kept rates on hold at 4.25% – BoJ performed stealth intervention in USDJPY in Q4 2011 – German output likely to surprise stronger – We recommended buying USDCHF in cash and options as euro risks rise
FX Market Technical Research
EUR/USD near term trading is limited to 1.3000-1.3250/80. We wait a break from here to determine the short term direction. We remain biased towards failure at 1.3245/50, the 38.2% retracement of the move down from November.
AUD/USD Analysis
Opened in Asia at $1.0726 after lows in NY/Europe yesterday of $1.0683/88. the pair eased down to $1.0693 ahead of an expected 25bp cut from the RBA and a weaker Shanghai composite.
Technical Analysis
The positive vibes ending last week seems to be prevailing, perhaps except the euro that has continued to slide after the topside failure. EURUSD still trapped in the 1.3026/1.3219 range but with a negative undertone, EURAUD have broken to a multi decades low,
Technical Analysis: Crunch time for Asian decoupling
The long-term Asian-Pacific outperformance trend is at an important juncture. The uptrend from 2002 has been broken and must be regained soon if the technical outlook is to remain positive.
AUD/USD Analysis
Opened in Asia at $1.0747 with a gap down from the NY close of $1.0770 after highs of $1.0792. The NFP release on Friday saw some heavy bailing out of longs in EUR/AUD to fresh all time lows of A$1.2168, which helped to underpin AUD/USD throughout the session.