NZD/USD choppy with a modest bid tone after Tuesday 1.1% sell-off entices profit taking
May 27, 2015 03:55 am UTC| Technicals
Pair opened Wednesday 0.7224 and traded 0.7218-57; last 0.7255 EUR and JPY weakness undermined commodities/commodity ccys Tuesday USD strength has looked overdone since Monday but sellers in short...
AUD/USD pair choppy within tight range
May 27, 2015 03:50 am UTC| Technicals
Pair opened Wednesday 0.7735 and traded 0.7726-54; last 0.7751 It kept coming up for air after falling 1.1% Tuesday DXY index up 4.3% over last eight sessions led by EUR and JPY weakness High correlations saw UST...
USD/CAD positive bias, targets 1.2485
May 27, 2015 03:27 am UTC| Technicals
Tight doji early - opened +0.95% with broad USD strength Political uncertainty appears, as voters turn left Momentum studies edge higher, 5, 10 20 dmas track north - positive setup Sustained 1.2378 break, 50%...
EUR/JPY now by 135.03 and falling
May 26, 2015 15:48 pm UTC| Technicals
EUR/JPY 134.90 offers ahead of the daily Tenkan, now by 135.03 and falling The 100-DMA is by the 38.2% Fibo at 132.80 Mons range below the up TrendLine from Apr the 21-DMA reinforces the bearish...
USD/JPY trims post-breakout gains, stocks blowback
May 26, 2015 15:41 pm UTC| Technicals
USD/JPY trims post-breakout gains, SPX N225 futures starting to skid Key supports by London low 38.2% projected at 122.48, stocks blowback Medium-Term 38.2% at 122.40 should hold 161.8 off May 22 base is at 123.62 as...
AUD/USD at new session lows, mid-April low in view
May 26, 2015 13:40 pm UTC| Technicals
AUD/USD at new session lows supported by firm USD US Treasury yield Pair pierced 61.8 Fib of 0.7534-0.8164, eyes cloud top 0.7700/10 support 76.4 Fib mid-April lows in 0.7673/83 on radar scopes, is decent support If...
EUR/USD recovery attempts capped by 21 HMA
May 26, 2015 13:33 pm UTC| Technicals
21 HMA at 1.0940 weighs on recovery attempts by EUR/USD The average has provided a rough cap on hourly charts since fall Friday Initial downside target is the base of the cloud at 1.0738 1.0885 was the Euopean AM low....