Tag Archives: AUD/USD

FX Daily Majors

Today’s highlights: EURUSD has found a near-term floor at the 50% retracement barrier at 1.3374,

EUR/USD is bouncing within its underlyingdowntrend. Hourly resistances can be found at1.3444 (28/07/2014 high) and

AUDUSD moved up to 0.9324, in line with Friday’s highs, but EURUSD and USDJPY are basically flat at 1.3426 and

EURUSD: Could recheck the high-1.34s. Last week ended with a potentially bullish ‘Doji’ candle for the period.

Very little action on the Aussie today with the currency slightly stronger across the board, and holding on to a 8bp gain as Europe awakes,

‘Solid but not spectacular’ was how our London colleague Nick Parsons described Friday’s US payrolls report.

The NZD made an intra-night rebound on Friday, after theUS payrolls release, to end the week above 0.8510.

Fresh 2 month lows continued Friday before abounce back above the 100-DMA ($0.9325) although the pair failed to close above.

U.S. Review Growth Returns to a Solid Footing • The economy expanded at a 4 percent pace in the second quarter of the year,

Shift in message As was expected there were no real fireworks at the last FOMC meeting.

Currencies are diverging as we approach the NA session, a break from the trend of broad-based USD strength that we have observed throughout the week.

EUR/USD is in an underlying downtrend.However, the last two days have displayed largelower shadows,