Tag Archives: NZD/USD
Daily FX Technical Strategy – Pounding GBP
UK 10-year yields closed at their lowest level so far this year and confirmed a small reversal pattern. Relative outperformance of UK bonds is helping to keep GBP under pressure.
Asian Currencies Technicals
AUD/USD: Choppy Sideways Trading. The pair continues to trade sideways in a choppy fashion but needs to close back above the double daily top at the $1.0598 level to kick start bullish topside momentum.
FX Daily Majors
Today’s highlights: – EURUSD: Market continues its correction lower, bringing the market through 1.3300/09 pivot support towards our retracement target of 1.3249.
Asian Currencies Technicals
AUD/USD: An Inside Day. An inside day for the AUD/USD yesterday with the pair little changed from yesterday’s NY close.
FX Daily Majors
Today’s highlights: – EURUSD: Consolidating back towards 1.3298 throwback support. We expect some brief weakness below here to 1.3249 where we envisage renewed buying interest again.
Asian Currencies Technicals
AUD/USD: Dip Back To 21-DMA Now Looking More Likely. With daily Slow Stochastic, RSI and Momentum indicators in overbought territory,
FX Daily Majors
Today’s highlights: – EURUSD: Aggressive rally brings the market up through 1.3388 and next resistance is now located at 1.3487.
Daily FX Technical Strategy – Heavy volumes confirm investors are on the move
The blistering pace of change at the start of 2013 is not letting up. Volumes are high with the yen at the forefront, suggesting Japanese investors are no longer risk-averse and are searching for yield once more.
NZD/USD Analysis
The New Zealand dollar rose against its U.S. counterpart on Monday, as anticipation ahead of a speech by Federal Reserve Chairman Ben Bernanke weighed on demand for the greenback.
Asian Currencies Technicals
AUD/USD: Jan 9 Lows Key Support For Now. The pullback from ahead of the 21 day upper Bollinger band on Friday has seen a double daily top develop and helped to relieve the topside pressure a little,
FX Daily Majors
Today’s highlights: – EURUSD: Expected recovery higher brings market back towards initial target resistance at 1.3300/09. We expect a breakout above here and extension higher to 1.3487/93.
Daily FX Technical Strategy – Risk-on and decompression
In the first full week of 2013 it is becoming clear that the collective investor mindset is changing. Volumes that we have seen in FX markets are at their highest for a year.