Tag Archives: AUD/USD
Weekly Economic & Financial Commentary
U.S. Review More Evidence of a Tightening Labor Market • While small business confidence dipped in June,
AUD/USD Technical Analysis
In AUD/USD, Commerzbank notes that its key reversal on Thursday led to the 2014 support line at .9365 to be revisited.
Daily Technical Report
EUR/USD declined sharply yesterday,completely erasing Wednesday’s gains. A furtherdecline towards the support at 1.3503 is
The Global Macro Pulse
USD stabilized against majors. EUR traded just above 1.36, while USDJPY again found support around 101.30.
AUDUSD – wave-ii rally satisfied as RSI moves to and fails at 60
Aussie suffered a deeper than expected wave-ii correction but the up move failed at the underside of the recently broken channel.
AUD/USD Analysis
Aussie opened at $0.9395, near the top of the early $0.9378 to $0.9396 high si far this morning.
Aussie Currencies Technicals
The rally lacked follow through on Thursday but then again so has the sell off with the AUD/USD recovering from just below the previous $0.9368 support.
FX Daily Majors
Today’s highlights: NZDUSD’s extension above .8795 keeps the spotlight higher on medium-term resistance at .8845/61.
Daily FX Update
Disappointing economic data from China and Eurozone and concerns over the banking sector in Portugal have weighed on market into the open.
Daily Technical Report
EUR/USD rose significantly yesterday.However, we continue to favour an eventualdecline towards the support at 1.3503 as long asprices remain below the resistance at 1.3664(03/07/2014 high).