Tag Archives: NZD/USD
Asian Currencies Technicals
AUD/USD: Continues to trade above upper Bolli. The pair continues to make fresh 4 month highs but looks a little ahead of itself as it continues to trade above the rising 21 day upper Bollinger band ($1.0484).
Asian Currencies Technicals
AUD/USD: Fresh 4 month highs. Fresh 4 month highs for the pair to end the week sees overall focus on retests of the 2012 highs. The move higher may have gotten a little ahead of itself with the pair having closed above the 21 day upper Bollinger band with further oscillation around the upper band expected […]
FX Monthly: Who’s afraid of the big, bad cliff?
We expect USD strength to persist into year-end, aided by relative economic outperformance and the sbsence of QE3. Our base case of a compromise on the impending fiscal cliff is consistent with limited Fed easing.
Asian Currencies Technicals
AUD/USD: Bullish outside day reversal. A bullish outside day reversal for the AUD/USD yesterday sees immediate focus shift to further range trading within a $1.0180-1.0444 range and renewed hopes of a retest of $1.0444 July monthly high.
Daily FX Technical Strategy – One down, more to follow?
As yields in Italy and Spain start to rise sharply the spotlight appears to be shifting onto classical “risk” indicators. Yesterday NZD/USD completed a Head and Shoulders top and over the rest of the week we are watching to see whether other indicators like the AUD/USD and S&P500 follow the NZD’s lead.
Global Technical Watch – Quick Charts
The initial bearish signs, such as the Reversal Day in AUD/JPY we noted earlier this week, are snowballing. Further JPY gains are likely across the board, especially as US 10y yields threaten trendline resistance near 1.36%.
Asian Currencies Technicals
AUD/USD: Key support holds on the first attempt. The pair dipped below the 21 day MA overnight but bouncing on its first attempt from the $1.0200-30 region identified as key support with a medium term rising daily trend line off the June 8 lows continuing to support.
Daily FX Technical Strategy: A shot across the bows
The move in Spanish yields yesterday was a shot across the bows for Risk. While the prospect of contagion within the eurozone has risen with 10y Italian yields gapping higher out of range, yields outside Spain have not yet reached levels where the rise becomes self sustaining.
Asian Currencies Technicals
AUD/USD: $1.0200-30 region seen as key support. The $1.0200-30 region is shaping up as key support for the AUD/USD with the 21 and 100 day MA’s and a medium term rising daily trend line off the June 8 lows all converging in this region.
Asian Currencies Technicals
AUD/USD: Pauses ahead of key resistance. The AUD/USD put in an inside day to end the week last week and opens below initial support to start the new week.
Daily FX Technical Strategy: Pushing the boundaries
As we move deeper into the summer holiday doldrums, the major FX markets are drifting within clearly defined ranges. However, things are slowly coming to a head.
Asian Currencies Technicals
AUD/USD: Move higher continues. Fresh 2-mth highs continue as the AUD/USD heads towards the initial target at $1.0474. Back below the 200 day MA is needed to shift focus lower once more and while we remain above overall focus shifts to tests of the 2012 highs.