Tag Archives: AUD/USD

Daily Technical Report

EUR/USD continues to decline and is nowtesting the strong support area between 1.2755and 1.2662.

We remain bullish on the USD over the next few weeks and favor expressing this view via long USDJPY positioning.

EURUSD: The set up for the, so far elusive, upside correction remainsin place despite a fresh trend

The pair sits 61bps lower on the day at $0.8824 after the RBNZ Governor Wheeler issued an

AUD/USD managed an inside day Wednesday with the pair bouncing a little from ahead of Tuesday’s low.

Limited movement among most of the G10 curren-cies points to an ongoing assessment of the outlook for global growth and relative monetary policy,

Today’s highlights: EURGBP stages a bearish “outside day” to leave the spotlight on our core bear target zone at .7800/.7755.

EUR/USD made a big daily upper shadowyesterday, indicating persistent selling pressures.

EURUSD traded flat at 1.2857, USDJPY softened to 108.6 and AUDUSD rose slightly to 0.8863 from its overnight low.

The NZD led the commodity-linked pack lower last night,with NZD/USD weaker by 0.6% to 0.8070 this morning.

AUD/USD continues to work its way towards the 2014 low with fresh 8 month lows Tuesday.

The USD is weak as we approach the NA session, with early EUR gains driven by improved French confidence data,