AUD: Should be whippy this week ahead of FOMC and Chinese data

  • AUD/NZD is again challenging support levels between 1.0750/1.0800;
  • AUD/USD is still in a downtrend and a move lower to test longer-term technical levels near .8650 still looks feasible;
  • There were plenty of sell orders reported above .9000 last week despite the holiday period;
  • AUD/JPY is still in consolidation mode above 90.00 whilst EUR/AUD has neutral longer-term levels above 1.5500 and will struggle to make more impulsive gains imho.
  1. Good morning Sean and Happy New Year ! Wish you a great year ahead , better than the past one and a lot more profitable ( I hear retirement is expensive 🙂 ) . On topic: do you have any feeling regarding a rally on the Aussie ? Last week’s candle looks quite bullish and the lows at 0.88 seem to hold for now.

  2. Hi Abhi. If you want a tight stop on EUR/AUD, then above 15310. But I prefer the sell-into-strength approach here.
    Sorry, nothing clear to me on other 2 at mom. Will revert if haze clears 🙂

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