EUR Trading Outlook Archive

TECHNICALS: There is a very strong downtrend in control in the AUD/USD (see chart) but prices stalled on a number of occasions just above .9160 so we may get some minor retracements in this heavily oversold market. Resistance levels are fairly light until 1.0310/25.

TECHNICALS: The AUD/USD bear trend remains in control but it has been levelling out over the last few sessions. The secondary trend line (see chart) is forming a cap of sorts near .9600 and this must be respected. Support levels start around .9430. Play the… Read more

TECHNICALS: The short-term AUD/USD downtrend remains in control and yesterday’s break below .9500 suggests that there is more downside to come. Longer-term support at .9390 is still a major obstacle for the bears and I wouldn’t be surprised to see further volatility inside of a… Read more

TECHNICALS: Recent lows at .9525 were breached (see chart) but the market has been unable to close below there. Nevertheless, the bears are in total control here and further losses look likely over time. Resistance levels start around .9600/10 on the day and we are… Read more

TECHNICALS: The AUD/USD has finally started to retrace after the vertical fall from 1.0580 and the obvious target is the 38.2% Fibonacci at .9930 (see chart). Previously solid short-term resistance at .9700 now provides the first level of support and there are some solid hourly… Read more

TECHNICALS: The short-term downtrend is still dominant but it has entered a consolidation phase and the big levels to watch now are at .9525 and .9700 (see chart). The downtrend has started to level off but must still be respected and it comes in now… Read more

TECHNICALS: The downtrend continues to flatten out (see chart) and a possible basing pattern suggests that bears should consider booking some profits after a good run. The obvious levels to watch are .9580/.9700 and a break either side will add to momentum.

TECHNICALS: There has been a definite flattening of the short-term downtrend (see chart) and the failure to consolidate the break below .9580 suggests that we should get a period of consolidation or retracement in coming sessions. Support levels are at .9590 and obviously now at… Read more

TECHNICALS: The steep short-term downtrend was breached yesterday (see chart) which tells me that downward momentum is starting to weaken. That doesn’t mean we don’t still fall some more but any further losses are likely to be in a more sideways direction. Daily lows at… Read more

TECHNICALS: We will get an important break-out today, one way or the other, with last year’s spike lows at .9585 providing support and the short-term bearish trendline chasing lower, presently at .9665 (see chart). I’d play the edges of this range in early trade but… Read more