Tag Archives: NZD/USD
FX Focus: NZD and commodity prices – milking it
§ We expect higher New Zealand commodity prices and robust demand growth in key trading partners, Australia and China, to support demand for NZD/USD in the near term.
Asian Currencies Technicals
AUD/USD: Focus now on April monthly highs. Break to fresh 2-mth highs o/n saw the pair pause at the 61.8% Fibonacci retracement of the move from 2012 highs to 2012 lows.
Asian Currencies Technicals
AUD/USD: Very bullish NY close. The pair ended the overnight session on a bullish note and just below the July 5 highs with stops noted above.
Asian Currencies Technicals
AUD/USD: $1.0101-1.0330 range likely this week. Previous break below the 21 day ma was reversed sharply with the pair pausing at the 100 day ma.
Asian Currencies Technicals
AUD/USD: Takes out the 21 day moving average. Back below the 21 day MA has seen initial focus shift to tests of the $0.9972-99 region with a close back above the 21 day MA needed to hint at $1.0100-1.0330 range trading ahead.
Technical Analysis
In general a stronger dollar emerging with especially CABLE, AUDUSD, NZDUSD seen as a sell. The yen also seems to be on a strengthening path. EURUSD a marginally new low has fulfilled at least our minium target of a fresh cycle low,
Asian Currencies Technicals
AUD/USD: July 5 highs in focus. The pair has popped above the 200 day MA following the bounce from ahead of pivotal support at $1.0158.
Asian Currencies Technicals
AUD/USD: $1.0155-60 region key support. The pair remains heavy with the $1.0155-60 region confirmed as key support with the rising daily TL off 2012 lows also seen supporting here yesterday.
NZD/USD Analysis
The NZD is little changed at $0.7962 vs $0.7964 U.S. close after making small gains in the overnight session as the AUD and the EUR rose.
Asian Currencies Technicals
AUD/USD: Bouncing from lows for now. The pair has bounced from the June 29 hourly support but needs to close above $1.0242 to see focus return to tests of the July 5 highs.
Asian Currencies Technicals
AUD/USD: Starting the week looking heavy. The AUD risks taking out the $1.0158 support that we noted as pivotal last week with a break lower seeing focus shift to tests of the 21 day lower Bollinger band and then the 2012 lows beneath.
Daily FX Technical Strategy: Spotlight stays on the euro
The release of US non-farm payrolls this afternoon is likely to be the primary focus of the FX markets today but it is the weakness of the euro that continues to hold our attention.