There is a 50% retracement level and an hourly high coming in at the same level.
Once again, thanks to our hedge fund insider in the FXWW chatroom for posting the following information from WestPac.
The Reserve Bank of New Zealand increased the cash rate to […]
The NZD is still bouncing around after the RBNZ but the short-term bulls seem to have the upper hand for now. Levels to watch in the crosses are as […]
As expected change in the base rate to 3.00% and the comment that inflationary pressures are increasing has caused the NZD/USD to pop up towards .8620.
I still like the […]
The AUD is in sharp reverse across all the crosses and the stop-losses reported earlier in the AUD/USD below .9290 are currently being targeted. Support levels don’t really tighten […]
Since breaking below the 200-dma 3 weeks ago, EUR/AUD has been unable to break back above it. This level comes in today at 1.4844 which has been the high […]
Stops in the AUD/USD below .9350 have been triggered after lower than expected CPI data.
Look for intraday rallies to be capped now below .9350.
More stops were reported below .9295.
Absolutely nothing happened overnight so we must hope that the twin risk events of Australian CPI and Chinese PMI will get the market moving.
Prices in Australia are […]
The AUD/USD opened this morning around .9330 and has edged slowly higher on the back of demand from real-money funds.
Further gains are also likely to be hard-fought with hedge […]
Overall I’m still very bullish on the AUD/USD but a quick look at the charts suggests to me that there will be plenty of trailing stop-loss orders below the […]
- GBP/NZD has just broken technical resistance near 1.9520;
- Cable looks set to break above important resistance at 1.6825;
- The GBP looks generally strong on all crosses;
- The NZD looks generally weak on […]
We have taken out one large resistance level already near 1.0890 as NZ CPI and this morning’s dairy auction weighed on the Kiwi.
The next big technical level in the […]
It’s too close to Easter for me and I’m happy to stay on the sidelines but the risk-off players out there can still consider this trade especially given that […]
Like I said yesterday morning, the short-term AUD market smells a bit long heading into the long Easter weekend and we will see profit taking emerge at […]
If you are of the opinion that we may get some risk-off sentiment ahead of the long Easter break, then you might consider an entry level near a 61.8% […]
Hate to rub it in but the place to buy AUD/USD was at .9025 a few weeks ago and not to be chasing it higher towards […]
- The short-term market was obviously a bit overly long AUD and we are getting a typical Friday position squeeze;
- AUD/USD support is expected to be very solid near .9335;
- NZD/USD may […]
The dip-buyers aren’t getting any chances at all and the AUD/USD smashed through the 94 cents barrier after better-than-expected jobs data.
The numbers weren’t mind-bogglingly good, so shows you just […]