Tag Archives: NZD/USD
Asian Currencies Technicals
AUD/USD: 100-DMA Now Initial Focus. Following the repeated failures in the $1.0570-80 region for the past two weeks the AUD/USD has finally broken lower as daily tech studies correct back to more neutral levels.
FX Daily Majors
Today’s highlights: – USDCAD: Market completes a medium-term double bottom base through .9975. We see scope for the market to rally substantially higher now to 1.0136, then 1.0273.
Asian Currencies Technicals
AUD/USD: Continues To Pause Ahead Of $1.0578-24 Region. The pair held above the previous support on yesterday’s dip but continues to fail ahead of the layers of resistance in the $1.0578-24 region.
FX Daily Majors
Today’s highlights: – EURUSD: Still scope for a brief break below 1.3257 but broadly we remain bullish for trend continuation through 1.3404 to 1.3487 and then 1.3835 eventually.
Daily FX Technical Strategy – Covering JPY and EUR shorts
In Europe, the theme of EUR short covering continues to intensify along with the rally in the CAC 40. In Japan, the equity and currency relationship is rather the opposite given the recent positioning.
Asian Currencies Technicals
AUD/USD: Pausing Ahead Of 21-DMA. The pair remains little changed from this week’s open as it consolidated at the lower end of Friday’s range to start the week.
FX Daily Majors
Today’s highlights: – EURUSD: Support under threat at 1.3257 again as the market reverses lower from resistance at 1.3404/1.3398.
Daily FX Technical Strategy – Pound under pressure
Against a backdrop of EUR short covering, GBP has come under further selling pressure. Moves at the back end of last week saw EUR/GBP accelerate higher through a multi-month channel top and
Asian Currencies Technicals
AUD/USD: Dipping Back Towards 21-DMA. Following an inside week for the pair last week the AUD/USD begins the new week with initial focus on retests of the 21-DMA and overall focus remaining on the Dec monthly low.
FX Daily Majors
Today’s highlights: – EURUSD: Market back probing the 1.3404 resistance hurdle. We expect trend continuation higher through here for 1.3487/93 chart/50% retracement resistance.
Asian Currencies Technicals
AUD/USD: $1.0578-98 Region Remains Key Topside. The pair managed a spike towards the 21-DMA overnight but the bounce into the NY close helps relieve a little of the bearish pressure.
FX Daily Majors
Today’s highlights: – EURUSD: Continuing to hold support at 1.3249 for now. We continue to expect the market to rebound higher from here back through 1.3404 to challenge 1.3487 initially.