Tag Archives: AUD/USD

Daily Technical Report

EUR/USD continues to move lower, confirmingpersistent selling pressures.

Today’s highlights: EURUSD breaks to a new cycle low,

In G10, EUR and JPY were both flat to Friday’s NY close around 1.252 and 109.6 respectively.

The Labour Day holiday in some states in Australia as well as holidays in many parts of the Asia-Pacific,

The September employment data on Thursday will attract plenty of interest,

The attempted recovery for the AUD/USD was short lived with the fresh 2014 and 4 year lows combined with

Markets still have faith in the ECB The 40-day rolling correlation between the EUR/USD and

Today’s highlights: EURUSD’s bounce remains seen as corrective ahead of a resumption of

EUR/USD has broken the strong support areabetween 1.2755 and 1.2662, confirming anunderlying bearish trend.

The major currencies have drifted sideways ahead of US payrolls. EURUSD is at 1.2655,

The pair started today’s trade at $0.8803 after easing off a $0.8827 high during the US session last night.

Our G10 forecasts have long encompassed a bullish USD theme, so the modifications here are ones of magnitude rather than direction.