Tag Archives: AUD/USD
Europe Preview
EUR/USD opened at $1.3051 in Asia after a moderately quiet session in NY, with a slightly firmer tone on the back of a passing of the payroll tax bill by the House republican leaders, and a WSJ article that the Fed may consider keeping rates near zero for longer than originally pledged.
AUD/USD ANALYSIS
Fell back yesterday after Tuesday’s strong rally and the initial euphoria following the ECB LTRO auctions, which saw a European high of $1.0219. Rising peripheral bond yields in Italy and Spain allied to strong EUR/USD macro supply sent risk clattering off which continued into the NY session and pushed AUD/USD down to $1.0051.
AUD/USD ANALYSIS
A sharp rejection of 1.0200 in the AUD/USD and 0.78 in the NZD/USD leave the short-term charts looking a lot less constructive. Both pairs gained strongly overnight after a larger-than-expected uptake of EUR489 billion in the ECB’s 3-year lending facility was initially greeted with enthusiasm, but markets eventually concluded that the liquidity auction was nothing […]
The inevitable short squeeze we had to have
The humble short squeeze that started out quietly yesterday continued in earnest overnight as consolidation remains the name of the game and the self fulfilling prophecy of a Christmas rally remains firm on traders’ minds. I don’t believe in either a change of circumstance or this rally that everyone is looking for. It is of […]
AUD/USD ANALYSIS
The Australian dollar inched slightly higher in Asia trade Tuesday, helped in part by minutes from the latest meeting of Australia’s central bank board. At its Dec. 6 policy meeting, when the Reserve Bank of Australia cut interest rates for the second straight month, the bank said that the relative strength of the local economy […]
AUD/USD ANALYSIS
The AUSSIE is overall still confirming further consolidation interior the big inside day with 1,0345 – 0,9930 still the levels to follow, despite the overshooting yesterday of the resistance. The selloff we‘re seeing this morning could cause an undershooting of the parity where we suggest closing the shorts that we made too early!!
AUD/USD ANALYSIS
The AUSSIE confirmed a positive closing last night while still remaining interior the big inside day with 1,0345 – 0,9930 the levels to follow in the coming hours.
AUD/USD ANALYSIS
The AUSSIE is still well bid after Wednesday’s impressive rally that caused a retest of the 1,0330 area. While below the 200 days line at 1,0414 we expect the AUSSIE to slowly turn again lower.
AUD/USD ANALYSIS
The AUSSIE is on the way to confirm a possible double top formation above 1,0080; an hourly closing below 0,9975 will confirm lower levels suggesting a return toward the 200 hours line at 0,9856! The US market has still some open gap up that we expect to be closed.
FX Markets Today – National Australia Bank
At 1.3525 and 1.0150, respectively, both the EUR and AUD are around a cent above yesterday’s lows (a five-week low in the case of the single-currency).
HSBC: Currencies: Technical Analysis: Aussie facing resistance
AUD-USD cannot rise above resistance and the probabilities favour a down move. Gold is starting its next leg lower, Gilts and Bunds should fall and the S&P 500 is exhibiting near term uptrend exhaustion.
Global Technical Watch – Quick Charts (Sep 30)
The weekend and month-end approach, though from a technical perspective (and in general), the longer the horizon, the more reliable the signals. As such, we have focused on quarterly candles.