Tag Archives: NZD/USD
Daily FX Technical Strategy: Aussie offered
While US equities showed signs of stability on Monday, closing marginally higher on the day, hard assets such as base metals continue to lose ground.
Asian Currencies Technicals
AUD/USD: $1.0290 Remains Key. Although AUD/USD remains heavy it does continue to remain above the key $1.0290 support level with the 100-DMA noted around the $1.0305 level.
FX Daily Majors
Today’s highlights: – EURUSD: Rebounding higher from the 1.3005/1.2993 support zone. We expect a resumption of the upward trend through 1.3140 and 1.3172/8 for a continuation up to 1.3388.
Daily FX Technical Strategy: The sun shines for USD/JPY as clouds break
On Friday risk took a step back as base metals markets fell sharply and US equity markets dipped. Despite this decline, it is far from certain that the move is sustainable, given the recent ranging environment.
Asian Currencies Technicals
AUD/USD: $1.0290 Support Seen As Pivotal. The close back below the 200-DMA to end last week doesn’t bode well for the current move higher but we continue to look for a close below the $1.0290 support as confirmation of a false break higher last week.
FX Daily Majors
Today’s highlights: – EURUSD: Correcting lower from flagged trendline resistance at 1.3140. Our bias remains bullish and we expect this correction to gain traction and rebound higher from 1.3005/1.2993 support zone.
European FX Daily
– EU summit signaled support for Greece, but gave little clarification on ESM’s direct bank recap – EURUSD held above 1.30, Asian currencies fell – We recommend buying 3m GBPCHF call spreads, and selling NZD against an equally weighted basket of AUD and GBP
Asian Currencies Technicals
AUD/USD: Dipping Back Towards 200-DMA. Following the break to fresh three-week highs, AUD/USD is dipping back towards initial support noted at the 200-DMA although a close below the $1.0290 support is needed to confirm a false break above the 200-DMA.
Asian Currencies Technicals
AUD/USD: Closes Above 200-DMA. With a close above the 200-DMA needed to shift focus higher the pair now turns its immediate attention to the falling 21 day upper Bollinger band coming in around $1.0510 today.
FX Daily Majors
Today’s highlights: – EURUSD: Breakout above 1.3074 resistance paves the way for a challenge of the 1.3172/78 resistance zone. Note 1.3150 trendline resistance in the interim.
Daily FX Technical Strategy: EUR looks up
Positive moves in European equities, such as the bullish flag and double-bottom confirmation in the French CAC, along with the bullish break in Italian 10y Government Bonds toward the 2012 yield lows near 4.68%, have prompted a more optimistic outlook for the EUR.
Asian Currencies Technicals
AUD/USD: Initial Resistance Continues To Cap. The Oct 11 highs confirmed their significance as initial resistance overnight with the pair failing just ahead.