AUD,NZD/EUR/USD/Flows and Orders/FXWW News/Technical Analysis/USD/JPY

Levels to watch in early European trade

  • USD/JPY: 61.8% retracement of 103.70/93.85 at 99.90.
  • EUR/USD: Sovereign bids 1.2970/80.
  • Cable: Important technical support 1.5155/80, double-bottom neckline and 61.8% 1.4830/1.5750.
  • AUD/USD: Short-term resistance at .9215, down-trend line and 61.8% 0.9330/0.9110.
  1. Hi Sean, would the AUD shoot up high tomorrow if the RBA happens to keep the rate on hold, you reckon?…

    Can’t believe I dumped my long at 0.9150… Oh isn’t it fun on FX that anything could happen in the next minute?…

  2. I don’t think it will shoot too far just yet Alec. RBA will stay on hold but they may have slightly less dovish language which could send it up a bit. But don’t chase higher in downtrend, never a good strategy

  3. Hi Sean , i’m looking at a topping pattern in EurAud , looks like a h&s on 4h and 8H. shoulders at 1.4240 and a head at 1.4420 , neckline currently at 1.40. Could fit nicely with a rebound in the aussie. Worth a look . Have a great week.

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