Tag Archives: NZD/USD
FX Daily Majors
Today’s highlights: – EURUSD: Trendline break exposes the key 1.2803 chart support level and then the 38.2% Fibonacci retracement of 1.2740. – GBPUSD: Testing the key 1.5959/60/66 support cluster. We look for a rebound from this support zone higher, back towards 1.6217. However, below would expose 1.5873/25.
Asian Currencies Technicals
AUD/USD: Spikes Below Bollinger Band Expected. After having taken out the Sept monthly lows the AUD/USD spent yesterday trading sideways below the initial resistance at $1.0274.
FX Daily Strategist: US
– USD starts to give back recent gains – still an opportunity to buy GBPUSD and NZDUSD The USD has started to give back some of its recent gains, particularly against the commodity currencies. AUDUSD has found support in the past 24hrs at 1.0150 – the same level that the crosses bounced of in early […]
FX Daily Majors
Today’s highlights: – EURUSD: ‘Evening star’ reversal pattern turns the focus back on trendline support now at 1.2916. We expect a break below here for 1.2803/1.2740 support.
FX Daily Strategist: Europe
– USD starts to give back recent gains – still an opportunity to buy GBPUSD and NZDUSD The USD has started to give back some of its recent gains, particularly against the commodity currencies. We expect that amid little major newsflow this renewed sell-off in the USD can continue.
FX Daily Strategist: Europe
– Post-NFP USD rebound an opportunity to buy GBPUSD and NZDUSD The USD’s initial sell-off in response to Friday’s NFP proved to be short lived, with the USD strengthening through to the end of Friday, particularly against the commodity currencies.
Asian Currencies Technicals
AUD/USD: Focus On Sub-Parity Levels. Initial support is now confirmed at the double daily top from Oct 4 & 5 with multiple hourly failures noted at the $1.0270-75 region and stops now above.
FX Daily Majors
Today’s highlights: – EURUSD: Advance set to continue through 1.3048 interim resistance for a test of the 1.3172 high. – GBPUSD: Aggressive upside reversal suggests a return through 1.6274 to retest the 1.6310/20 longer-term resistance zone.
Asian Currencies Technicals
AUD/USD: Potential For $1.0169-1.0323. The AUD/USD is hesitating ahead of the Sept monthly lows with a close above the Oct 1 highs needed to see focus return to retests of the Sept monthly highs.
FX Daily Majors
Today’s highlights: – EURUSD: Range-bound going into the ECB. We expect 1.2803 support to hold firm with breakout risk higher for 1.3048 and then 1.3172.
Daily FX Technical Analysis and Strategy
EUR/USD: Ranging – Investors are reluctant to drive EUR/USD strongly in either direction. Price emerged briefly through 1.2960 though is still lacking follow through.
Technical Analysis
EURUSD still range bound and as long as holding above 1.2870/80 no top confirmed in place, AUDUSD (& NZDUSD)small congestion before heading lower, underpinned by narrowing int rate spread, lower commodity prices etc, BOE GBP index exit rising wedge = weaker sterling,