USD Trading Outlook


 
28.8.2014-25.8.2014 22.8.2014-18.8.2014 15.8.2014-11.8.2014 8.8.2014-4.8.2014 1.8.2014-28.7.2014 25.7.2014-21.7.2014 18.7.2014-14.7.2014 11.7.2014-7.7.2014 3.7.2014-30.6.2014 27.6.2014-23.6.2014 20.6.2014-16.6.2014 13.6.2014-10.6.2014 4.6.2014-2.6.2014 28.5.2014-26.5.2014 23.5.2014-19.5.2014 16.5.2014-12.5.2014 9.5.2014-5.5.2014 2.5.2014-28.4.2014 25.4.2014-22.4.2014 18.4.2014-14.4.2014 11.4.2014-7.4.2014 4.4.2014-31.3.2014 28.3.2014-24.3.2014 21.3.2014-17.3.2014 14.3.2014-10.3.2014 6.3.2014-3.3.2014 28.2.2014-24.2.2014 21.2.2014-17.2.2014 14.2.2014-10.2.2014 7.2.2014-3.2.2014 31.1.2014-27.1.2014 24.1.2014-20.1.2014 17.1.2014-14.1.2014 8.1.2014-8.1.2014 3.1.2014-23.12.2013 19.12.2013-16.12.2013 13.12.2013-9.12.2013 6.12.2013-2.12.2013 29.11.2013-25.11.2013 22.11.2013-20.11.2013 1.11.2013-28.10.2013 25.10.2013-21.10.2013 18.10.2013-14.10.2013 11.10.2013-7.10.2013 2.10.2013-30.9.2013 27.9.2013-16.9.2013 13.9.2013-11.9.2013 23.8.2013-12.8.2013 9.8.2013-5.8.2013 30.7.2013-29.7.2013 25.7.2013-22.7.2013 18.7.2013-15.7.2013 12.7.2013-9.7.2013 28.6.2013-24.6.2013 21.6.2013-19.6.2013 7.6.2013-3.6.2013 31.5.2013-28.5.2013 23.5.2013-20.5.2013 17.5.2013-14.5.2013 10.5.2013-6.5.2013 2.5.2013-30.4.2013 26.4.2013-22.4.2013 16.4.2013-16.4.2013 10.4.2013-25.3.2013 21.3.2013-19.3.2013 15.3.2013-11.3.2013 7.3.2013-4.3.2013 1.3.2013-25.2.2013 22.2.2013-18.2.2013 15.2.2013-12.2.2013 8.2.2013-4.2.2013 1.2.2013-28.1.2013 25.1.2013-21.1.2013 18.1.2013-14.1.2013 11.1.2013-7.1.2013 4.1.2013-2.1.2013 27.12.2012-18.12.2012 12.12.2012-10.12.2012 7.12.2012-26.11.2012 22.11.2012-12.11.2012 9.11.2012-5.11.2012 2.11.2012-29.10.2012 26.10.2012-22.10.2012 19.10.2012-15.10.2012 12.10.2012-8.10.2012 5.10.2012-1.10.2012 28.9.2012-24.9.2012

28th May

Forex pair of the day

AUD/USD - above a strong support

The pair faced a pull back on its support and is posting a rebound. Further advance is likely as the 200-day moving average behaves as a support and the daily RSI is reversing up above its oversold area. Then, as long as 0.9120 holds as a support (previous resistance which now acts as a support), next up targets are set at 0.9540 (horizontal resistance) and 0.9760 in extension (October 2013 top). A third target is set at 0.9970 (horizontal resistance). Only a break below 0.9120 will turn the outlook to bearish with a first alternative target is set at 0.89 (horizontal support), and 0.8650 in extension (January bottom).

27th May

AUD/USD The Post RBA minutes AUD/USD decline based at 0.9208 Wed. Initial support now 0.9214 lows Thrs/Fri, 0.9200 barrier, 200dma at 0.9173. Resistance at highs Fri/Thrs 0 .9250/74, 50dma 0 .9283, 10dma 0.9298, 21dma 0 .9304, 30dma 9310. Pair also well within daily cloud 0.9176/0.9307. 0.9270 expiry today and larger expiries Tues’ at 0.9240 (300M),0.9250-55 (700M), 0.9265 (205M).

26th May

The Australian Dollar (AUD): AUD/USD The 55-DMA capped Asia's rally & Europe pushed the pair toward 0.9220 into NY's open. Bears made a push in early NY as USD/JPY was firm. The 0.9200/15 support was tested again but held as the 0.9214 low was all bears could muster. The USD's bid faded a bit as US yield slipped and light short covering in AUD/USD ensued. The pair hit 0.9245 and settled near 0.9240 late in the day to leave the pair down nearly 1.3% for the week. Bears hold the advantage for now as the pair set a new low for the recent trend. The 0.9200 is proving to be a tough nut to crack and if further attempts to break it next week fail the risk of a big short squeeze will be extant. Oz April HIA new home sales and Q1 Capex are the main data risks for down under next week. Soft results should weigh on AUD and possibly aid a push below 0.9200. Tech support in the 0.9165/75 area (Dec highs, 200-DMA, channel & daily cloud bases) would then be the next hurdle for bears


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