Category in AUD,NZD

Next levels to watch in major pairs

Nice way to start the session, having picked the ding-dong in the AUD/USD. One bank is reporting decent-sized buying interest at 1.0430 and another is reporting heavy stops below 1.0425. Maybe they will both be right. The EUR is holding up well, trading just below session highs with strong Fibo resistance still intact at 1.2935.

AUD/USD: Getting boost from iron-ore price rises

Comments overnight from Premier Wen that China has scope for further stimulus have boosted the iron ore price yet again and this has encouraged more AUD/USD short-covering. Where have all last week’s bears gone? Initial resistance comes in on the daily chart near 1.0550. High so far 1.0480. Sell orders reported at 1.0505/10. Click here

Interbank flows and orders: SNB expected via Dutch PB

EUR/USD: Picking up plenty of selling interest now above 1.2820 with light bids starting at 1.2770. Plenty of activity today with ACBs, real money and macro funds all active. Expect to see SNB selling EUR in early European trade through Dutch Prime Broker. AUD/USD: Bids near 1.0330 and offers above 1.0425 should ensure range trading

AUD/USD: Looking to sell into 1.0435/40 resistance

Nice strong bounce after the market got heavily oversold but there is strong technical resistance (trendline and Fibo, see chart) looming around 1.0435/40. Friday’s data out of China was moderately positive (at least good enough to set off short covering) but the weekend industrial output data was less than stellar. Watch for today’s Chinese trade