Tag Archives: AUD/USD
Daily Technical Report
EUR/USD is consolidating near the strong support at 1.3643 (see also the 200 day moving average). Monitor the hourly horizontal range between 1.3619 and 1.3669 (27/05/2014 high).
The Global Macro Pulse
The dollar had a brief, small rally in early Asian trading, but just as quickly gave up gains, leaving suspected PBoC intervention selling USDCNY above 6.26 onshore to be the main event for the day, in our view.
UBS Morning Adviser
Inflation will drive the dollar higher – but only if yields follow through In the latest edition of UBS Macro Strategy Weekly ‘Key Issue’,
AUD/USD Analysis
Aussie started this morning at $0.9259 and marked an early high of $0.9268. It backed away to $0.9256 a few minutes before the release of the Westpac-MI leading index and held fast near that at $0.9258 after the release.
Asian Currencies Technicals
After having found support ahead of the $0.9205 level last week the AUD/USD traded above last week’s high before stalling and dipping back towards initial support.
FX Daily Majors
Today’s highlights: USDCAD remains under downside pressure, targeting May’s low at 1.0813 next, with scope for 1.0738/31.
Daily Technical Report
EUR/USD has breached the strong support at1.3643 (see also the 200 day moving average),but has thus far failed to hold below it.
The Global Macro Pulse
In FX, the dollar has weakened against the EUR and AUD, but is flat against the yen. AUDUSD corrected up to 0.9259 and EURUSD rose to 1.3657 despite dovish sounding comments from ECB President Draghi overnight.
UBS Morning Adviser
CNH implied forward yield has been rising in spite of ample onshore liquidity In recent weeks the USDCNH forward curve has been climbing steadily;
AUD/USD Analysis
Aussie started at $0.9237 this morning following Monday’s $0.9230/49 trading range. Early trading action saw speculators taking on rumored offers at $0.9250,
Asian Currencies Technicals
AUD/USD drifted a little higher to start the new week to retest the $0.9249 level that capped late last week with the $0.9174-0.9205 support region remaining key.
Daily Technical Report
EUR/USD has breached the strong support at1.3643 (see also the 200 day moving average),suggesting persistent short-term sellingpressures.