Tag Archives: AUD/USD

Aussie Currencies Technicals

The sharp bounce from ahead of 2014 lows and relatively bullish close Wednesday were followed up with

Aussie bounced right off major .8660 support and formed a bullish hammer candle; on the 240min chart below there was bullish engulfing.

Today’s highlights: AUDUSD has held key support at .8674/58 as expected, and

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

FX markets have been all about a USD squeeze. EURUSD popped up to 1.2662,

EURUSD: The question is whether this only is short covering ahead of€CB or if the market is changing its

The pair closed in NY at $0.8737 overnight after having traded a $0.8663-0.8749 range before

The NZD sits at a similar level, around 0.7800, thismorning.

The sell-off continued Wednesday with the AUD/USD coming within a couple of pips of the 2014 low before

EUR/USD has broken the strong support areabetween 1.2755 and 1.2662, confirmingpersistent strong selling pressures.

Today’s highlights: AUDUSD’s collapse has extended to retest the .8658 low for the year.

AUDUSD underperformed, dropping to 0.8680 before finding support.