Tag Archives: NZD/USD
FX Daily Majors
Today’s highlights: * EURUSD: Still probing 1.2593/8 key Fibonacci resistance cluster. Whilst below here, our bias remains skewed to the downside for back through 1.2431 to 1.2399
Daily FX Technical Strategy – EUR squeeze is not yet a game changer
FX volumes picked up yesterday following the long weekend in the UK but remain at levels that suggest the summer doldrums will persist this week into the month end.
FX Daily Majors
Today’s highlights: * EURUSD: Rebound brings the market back up towards the 1.2593/8 resistance hurdle. Whilst below here the bias remains lower for 1.2431, then 1.2337
Asian Currencies Technicals
AUD/USD: Chopping around lower Bollinger band. The AUD/USD continues to chop around the falling lower 21 day Bollinger band as it heads towards the initial target at the 200 day moving average.
Asian Currencies Technicals
AUD/USD: Initial focus remains on 200 day MA. Minor new 4 week lows again for the pair as it continues to pause in the $1.0370/75 region.
Asian Currencies Technicals
AUD/USD: 21 day lower Bollinger comes into play. The correction from the $1.0540-45 region continues with the pair trading at fresh 4 week lows to end last week.
FX Daily Majors
Today’s highlights: * EURUSD: Probing 1.2598/3 resistance. We expect a correction lower from here, back to 1.2431 support. Below here then exposes 1.2337 channel support
Asian Currencies Technicals
AUD/USD: Pressure remains on initial support. The $1.0540-45 region capped the bounce perfectly and remains the pivot point with a close above needed to shift focus higher.
FX Daily Majors
Today’s highlights: * EURUSD: Breakout above 1.2444/79 key resistance results in an acceleration higher towards the more critical cluster of Fibonacci hurdles at 1.2593/8, which should cap.
Asian Currencies Technicals
AUD/USD: Bounces from Aug 17 lows. The pair has managed to find support ahead of the Aug 17 lows as initial focus remains on retests of the 200 day moving average ($1.0297).
FX Daily Majors
Today’s highlights: * EURUSD: Threatening the 1.2479 61.8% Fibonacci retracement hurdle after yesterday’s aggressive rally through 1.2383/7/8 resistance zone.
Asian Currencies Technicals
AUD/USD: Aug 14 highs pivotal resistance. The bounce in the AUD/USD fell short of the Aug 14 highs with above this level still needed to see focus shift back to retests of 2012 highs.