Tag Archives: NZD/USD
Asian Currencies Technicals
AUD/USD: Struggles to hold above $1.0300. The AUD continues to struggle to hold above the $1.0300 level and a close above is needed to retain the overall focus on tests of the April monthly highs.
Daily FX Technical Strategy: Long-term charts point to further EUR weakness
Event risk into the weekend should continue to keep trading volumes supressed, but that is not to say there is nothing going on. Yesterday, Bobls jumped the gun on the ECB announcement today by turning bullish after a month of selling.
Asian Currencies Technicals
AUD/USD: Tests upper 21 day Bollinger band. The AUD is starting to look a little tired and is risking a pullback to the key support noted at $1.0158.
NZDUSD – fairly priced, but…
NZDUSD has been on a tear lately, pushing impressively back above the 0.8000 level. The drivers for the rally suggest that the currency pair is fairly priced for now, but the rally may have a hard time from here.
Daily FX Technical Strategy: EUR/NZD all-time low in sight
With the USD Index locked in a ranging pattern, we expect trading to be subdued today by the US Independence Day holiday. Bigger picture we are USD bullish but this week listless sideways drift is the likely outcome ahead of the release of US NFP on Friday.
Asian Currencies Technicals
AUD/USD: Closes above key moving averages. The pair has closed above both 100 and 200 day moving averages with focus firmly on the April monthly highs.
Daily FX Technical Strategy: SEK on the launchpad
In the run up to the Independence Day holiday in the US, FX trading is likely to become increasingly choppy and listless. One bright spot though could be the Swedish Krona, which is on the cusp of delivering a series of major bullish signals.
Asian Currencies Technicals
AUD/USD: Consolidates Fridays move higher. The AUD now sees initial support at yesterday’s low of $1.0212 but back below the 2nd layer of support at $1.0158 is needed to shift the immediate focus away from a continuation higher that sees the April monthly highs targeted.
Asian Currencies Technicals
AUD/USD: Shift in focus targets April highs. Close above the key $1.0220 level sees focus on a higher levels targeting the $1.0469 April monthly highs with a close back below the $1.0150 level needed to shift immediate focus back to the parity region.
Asian Currencies Technicals
AUD/USD: Focus remains on lower levels. With the AUD again rejected on a bounce, this time ahead of the spike low from June 20, initial focus remains on tests of the 21 day MA and then potentially the 2012 lows.
Asian Currencies Technicals
AUD/USD: Struggling to regain lost ground topside. A relatively subdued day for the Aussie yesterday with it struggling to surmount the $1.0080-90 region.
Daily FX Technical Strategy: A growing sense of foreboding
Investors are watching and waiting ahead of the EU summit later in the week. What movement there is in markets suggests that expectations are becoming more pessimistic.