Tag Archives: AUD/USD

The Global Macro Pulse

G10 FX has traded sideways. USDJPY is at 102.89, EURUSD is trading 1.3388, and AUDUSD is flat to its Asian open at 0.9295.

EURUSD: Correction higher consolidation. The 1.3375-50 target/support zone still attracts some buying.

Fresh 2 month lows continued Thursday as the AUD/USD managed the first close below the 100-DMA since mid-March.

EUR/USD is in an underlying downtrend.However, monitor the support at 1.3367 impliedby yesterday’s intraday bullish reversal (hammerformation).

Today’s highlights: DXY $ Index above 81.38/48 sees a base established, for 83.40/48.

EURUSD rose to 1.3399 from its overnight lows around 1.337, while USDJPY is at 102.77 after trading as high as 103.09.

AUD/USD is under pressure in its range, the intraday Elliott counts are neutral to negative and

Online retail showed further encouraging signs of growth in June, to be 0.9% higher compared to May.

Fresh 2 month lows for the aussie Wednesday and the first dip below the 100-DMA since late March sees focus shift lower to

USD: DXY heading towards 81.7

EUR/USD has broken the key support areadefined by 1.3503 (see also the long-term risingtrendline from the July 2012 low) and

Today’s highlights: USDCAD above 1.0871/90 would see a larger base established.