Technical Analysis

USD/JPY at the worst levels of the day USD/JPY is down 25 pips to 113.67, just above yesterday’s low of 113.63. I wouldn’t expect too many stops if support is broken. There’s more support at Wednesday’s US low of 113.52 and Treasury yields are higher. Watch for any flows around the London fix at 1500
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Price trades between technical extremes The USDJPY earlier today, fell back below a broken trend line. That tilted the bias lower (see earlier post). In the NY session, the price pushed to a new session low but stalled ahead of the next key target at the 100 hour MA and 38.2% retracement at 113.485. The
A technical technical look at the ozznAustralian dollar from SG, psoting this ahead of the RBA Société Générale nominate support and resistance ahead: R 0.7330 0.7385/0.7400 0.7430 S 0.7170 0.7140 0.7095/0.7100 Comments from SG: AUD/USD has tentatively probed the graphical support of0.7140/0.71 which represents the lows of May / December2016. In case of definite break
RBNZ decision does not help the upside The NZDUSD is trading near the lows for the day at 0.66193.   The RBNZ decision did not help the upside for the NZDUSD. They still expect that rates will likely stay on hold through 2019 and into 2020. That is a long time.  Moreover, other news out of NZ suggested
A snippet from SG on the Australian dollar. I was particularly interested in what they had to say about the 0.7300 area Turns out, not a lot.Ah well. Société Générale nominates resistance levels: 0.7385/0.7400  0.7430  0.7486/0.7500 Support: .7140/35  0.7165  0.7220/15 AUD/USD has tentatively probed the graphical support of 0.7140/0.71 which represents the lows of May