Tag Archives: NZD/USD
FX Daily Majors
Today’s highlights: – EURUSD: Focus is still on the 1.2880/76/73 throwback/50% retracement/200-day MA support cluster. Ideally this continues to hold, but below warns of risk to 1.2662.
Asian Currencies Technicals
AUD/USD: 61.8% Fibonacci Level Caps Again. The pair managed to dip but failed to close below the Mar 15 low before bouncing back towards the 61.8% Fibonacci retracement level.
FX Daily Majors
Today’s highlights: – EURUSD: Poised at key throwback/50% retracement/200-day MA support zone at 1.2876/70. Ideally this holds with recovery risk to 1.3319, but below sees the decline continue for 1.2662.
FX Daily Majors
Today’s highlights: – EURUSD: Failure at trendline resistance and subsequent break below 1.2961 exposes our key support zone at 1.2890/76/65. We continue to expect this to hold.
NZD/USD Analysis
The New Zealand dollar is trading modestly higher against its USD as traders speculate the Reserve Bank of New Zealand could surprise markets and lower interest rates.
Asian Currencies Technicals
AUD/USD: Focus Turns To Layers Of Resistance $1.0374-98. The close above the previous $1.0298 resistance level sees focus return to the layers of resistance in the $1.0374-98 region which include the 100-WMA ($1.0389),
FX Ringside
Of course, one of our most important tasks is to provide clients with accurate short- and mediumterm FX forecasts.
FX Technical Thoughts
EURUSD – With the MACD below its zero line, reflecting bearishness, focus is on the momentum tools as a closing cross lower would reinforce the bearish theme.
Daily FX Technical Strategy: Looking outside the EUR/USD range
Although USD buying has been a developing theme of late, this phenomenon is far from indiscriminate. USD/MXN completed a Bear Flag and is trading beneath its 2012 lows.
Asian Currencies Technicals
AUD/USD: Above Mar 6 High Needed To Shift Focus Higher. The pair continues to trade in a choppy fashion with the Mar 6 highs remaining initial resistance and
Daily FX Technical Strategy: Additional USD boost
While the US dollar index completed a basing pattern a few weeks ago, the recent bearish move in US rates (through 2.07%) is further catalysing a USD bid.
FX Daily Majors
Today’s highlights: – EURUSD: Bearish engulfing reversal sees the focus remain on the key cluster of support at 1.2901/1.2876/1.2851 going into the ECB. We expect a reversal higher from here.