Tag Archives: NZD/USD

Asian Currencies Technicals

AUD/USD: $1.0140 the level to watch topside today. Retests of the 21 day MA and then the June 8 lows beneath currently remain favoured until the AUD can manage to close back above the $1.0140 spike low from June 20 that is expected to cap on bounces.

Asian Currencies Technicals

AUD/USD: 2012 lows now the overall focus. Break below parity to start the week fell just short of a retest of the 21 day MA with lower levels now favoured until the pair can manage a close above the $1.0077-1.0140 resistance region.

Asian Currencies Technicals

AUD/USD: Daily tech studies correcting lower. With the pair pausing ahead of initial support, the $0.9996 level will be key to start the week with focus now on tests of the 21 day moving average.

Asian Currencies Technicals

AUD/USD: Sharp rejection from topside failure. Failure at the $1.0226 key resistance level combined with o/b daily tech studies has seen initial focus shift to tests of the $0.9904-22 region and then 2012 lows ($0.9584) below.

Daily FX Technical Strategy: Short covering continues

A risk revival gathered pace yesterday as short covering continued across asset classes. Commodity currencies rallied on heavy volume and a completed Double Bottom in NZD/USD implies further marginal upside this week. USD/JPY is in the spotlight today as once again it attempts to close above its 21 day average, for the first time since […]

Daily FX Technical Strategy: EUR suffers from US antipathy

US investors returned from their long weekend and resumed trading as they had left off the week before: selling the euro and buying the dollar. Eurozone troubles remain a clear concern and with the euro sliding to a new 2012 low for the year today against the USD, CAD and TRY, near-term risks are for […]

Asia Today: Soft China flash PMI data, but risk currencies steady

Currency markets quickly adopted a negative view on the outcome of yesterday’s EU summit and sent the EUR down to 2-year lows versus the US dollar. It appears the “new” plan is to continue the already-agreed 2020 growth plan and focus on investment, trade and implementing single market acts.

Technical Analysis

EZ worries still in focus… EUR/USD Finally closed below support… SPAIN IBEX Cliff hanger… NZD/USD Minor bounce, then lower… EUR/SEK Range ceiling under pressure… USD/SEK 7.0365 next key resistance… EUR/NOK Look for returning 7.53/4 bids… NOK/SEK Topside pressure mounting.

Technical Analysis – FX Daily Majors

Today’s highlights: * EURUSD: Plunge from trend barriers (1.3275/3300) through trend/chart supports (1.3200/1.3157) aims for 1.3058. * NZDUSD: Break of chart/200-DMA support, to prod key .8059/50 foundations and signal a bigger top and more bearish outlook into Q2 towards .7920 and .7790 retrace targets.