21 Nov 2014
AUD crosses in a technical snapshot - TDS
FXStreet (Guatemala) - Analysts at TD Securities gave us a technical snapshot of the AUD and crosses.
Key Quotes:
“AUD/USD technical signals are mixed, pointing to more range trading near-term; the broader bias is lower but the market needs to break - and hold below - 0.8650/60”.
“AUD/JPY's rally has stalled from a short-term point of view but the longer-term trend is higher”.
“AUD/NZD's rejection of support in the low 1.09s points to a rebound towards 1.13”.
Sharp EUR/AUD decline today leaves the cross range bound – albeit with risks tilted to the downside and a test of 1.37/1.38”.
Key Quotes:
“AUD/USD technical signals are mixed, pointing to more range trading near-term; the broader bias is lower but the market needs to break - and hold below - 0.8650/60”.
“AUD/JPY's rally has stalled from a short-term point of view but the longer-term trend is higher”.
“AUD/NZD's rejection of support in the low 1.09s points to a rebound towards 1.13”.
Sharp EUR/AUD decline today leaves the cross range bound – albeit with risks tilted to the downside and a test of 1.37/1.38”.