Tag Archives: EUR/NZD
Technical Strategy: FX Trends daily (FOCUS: EUR/NZD)
EUR/NZD The cross has sharply bounced in the recent sessions and has tested an important long term resistance (at 1.5920 today).
FX Trends daily (FOCUS: EUR/NZD)
EUR/NZD The EUR/NZD has accentuated its decline in the recent sessions and broke below a support around 1.5550 (short term support line)
Global Technical Watch – Quick Charts
A consistent breakdown in several EUR crosses warns of bearish follow-through for EUR/SEK and EUR/NZD. EUR/AUD is approaching year lows near 1.2130/50, and a break below this zone likely would add to the bearish evidence.
FX Trends daily (FOCUS: EUR/NZD)
EUR/NZD After breaking below a support at 1.6060 (short-term support trend line) two weeks ago, the EUR/NZD has extended its downtrend and has validated the bearish scenario after the break below 1.5820 (April 2012 low pivot) yesterday.
Daily FX Technical Strategy: Pullback within greater trends
The bearish breakout in German 10y yields is helping to support the EUR. In particular, both the EUR/AUD and EUR/AUD crosses are staging near-term bounces as profit taking leads them toward the January highs.
Global Technical Watch – Quick Charts (Aug 1)
Around the much anticipated headlines streaming from the US, the backdrop for the US dollar remains largely weak particularly against Asian and commodity currencies. US 2y yields are dipping towards all time lows at 31bp and although both 2s and the S&P 500 are holding within range, we highlight the levels to overcome to suggest […]