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AUD/USD's 2016's reversal's correction targeting 20 dma

AUDUSD chart

The previous couple of weeks have been a volatile recovery of the 2016 opening global downtrend and sell-off in the Aussie. The greenback started to loose its edge and was unwound heavily, before a slight nonfarm payrolls recovery, to allow AUD/USD regain the majority of the 474 pips between this...

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EUR/USD negative sentiment towards the common currency prevails: despite the latest recovery, as the background imbalance between Central Bank weighs. 1.0700 seen by the end of the quarter.

GBP/USD ready to resume its decline: market players believe the due correction has been complete, and that the pair is ready to fall back, down to the 1.4300 region.

USD/JPY back towards 120.00: despite the weekly slump, the pair is seen slowly grinding higher, back towards the critical level in a 3-month view.

AUD/USD Break below 0.7000 likely in the mid-term: little can sustain latest Aussie gains, and traders know it. Bears outpace bulls in a monthly view and further.

EUR/JPY no progress, stuck around 130.00: bullish for next week, bearish for the month, the pair is seen mostly hovering around 130.00 all of the quarter, trapped within a limited range.

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Technical Studies

Currencies

Pair Last High Low Net chg. Chg. %
EUR/USD 1.1142 1.1150 1.1140 -0.0011 -0.10
GBP/USD 1.4510 1.4512 1.4483 0.0009 0.06
USD/JPY 116.96 117.01 116.81 -0.02 -0.01
USD/CAD 1.3878 1.3906 1.3869 -0.0033 -0.23
AUD/USD 0.7093 0.7095 0.7067 0.0020 0.28
USD/CHF 0.9929 0.9933 0.9916 0.0007 0.07
NZD/USD 0.6637 0.6640 0.6616 0.0003 0.04
GBP/JPY 169.71 169.72 169.19 0.09 0.05

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Official Interest Rates

US: 0.5% EMU: 0.05% UK: 0.5% JP: 0.1% CH: -0.75% CA: 0.5% AU: 2% NZ: 2.5%

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Current Trading Positions

GBPUSD Order Entry SL TP
Pattern Trapper BUY LI >1.4510 - -
USDCHF Order Entry SL TP
RoboForex SHORT LMT @1.0112 1.0185 0.9888
AceTrader BUY LI >0.9927 0.9852 0.9988
Pattern Trapper SELL LI <1.0080 - -

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