Tag Archives: NZD/USD
Asian Currencies Technicals
AUD/USD: The pair dipped to fresh 2013 lows and the lowest level since Oct 2011 overnight with the overall focus now firmly on a retest of the 2011 low at $0.9397.
FX Daily Majors
Today’s highlights: • NZDUSD spotlight stays on our initial bear target at 7923/10. Below here would see a bigger top for .7808 then .7655.
Daily FX Technical Strategy: Base-ing implications
Although the USD is sidelined ahead of US data later this week, base metals have caught a silent bid.
Daily FX Wrap and Strategy
The NZD/USD was one of the weakest performers over the past 24-hours, giving back much of the previous day’s gains. It trades around 0.8000 this morning.
Asian Currencies Technicals
AUD/USD: The pair pulled back from ahead of the $0.9391 level yesterday with the 21-DMA noted just above at $0.9810.
Long-term technical update
EUR/USD (1.3095): The pair keeps meandering around a near flat 12 month moving average. Last month closed below the open but also off the lows.
FX Daily Majors
Today’s highlights: • USDJPY beneath 98.72/58 is needed to see a bigger top for price and cloud support at 97.34/00.
Daily FX Technical Strategy: Recent trends tapered
Small signs of a pullback in European equities (CAC 40) were further confirmed by strong selling seen in EUR/CHF.
When Doves Cry
• Govt. finances flattered by corporate tax and timings • BNZ Confidence Survey hits record high
Daily FX Wrap and Strategy
The NZD/USD experienced quiet trading during Queen’s Birthday Monday. However, it was launched higher early this morning on the back of broad USD selling.
Asian Currencies Technicals
AUD/USD: The pair took out the $0.9695 level overnight with this level now noted as initial support and a close back below needed to see focus return to the 2013 low.
FX Daily Majors
Today’s highlights: • NZDUSD has broken lower to our initial support target at .7923/14. We expect this to hold at first, but stay bearish for an eventual break lower to .7808 then .7655.