Danske Research Team
Danske Bank A/S
Majors
EUR/USD: SHORT AT 1.3184 FOR 1.3066, REVISED STOP AT 1.3161
USD/JPY: LONG AT 103.54 FOR REVISED 106.54; REVISE STOP AT 104.19
GBP/USD: SHORT AT 1.6620 FOR REVISED 1.6384; REVISE STOP AT 1.6530
USD/CHF: LONG AT .9121 FOR .9251 OBJECTIVE, REVISED STOP .9137
AUD/USD: SHORT AT .9295 FOR .9203; STOP AT .9340
USD/CAD:LONG AT 1.0857 FOR 1.1053 REV STOP AT 1.0860
Crosses
EUR/JPY: BUY AT 137.60 FOR 138.77 OBJECTIVE, STOP 136.98
EUR/GBP: SHORT AT .7940 STOPPED AT .7975
EUR/CHF: LOOK TO SELL FOR 1.2030/1.2006
EUR/CAD: SHORT AT 1.4340 FOR 1.4165; REVISE STOP AT 1.4395
GBP/JPY: LONG AT 171.95 FOR 175.35, STOP AT 172.90
NZD/USD: SHORT AT .8400 FOR .8259; REVISE STOP AT .8410
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Editors’ Picks
AUD/USD failed just ahead of the 200-day SMA
Finally, AUD/USD managed to break above the 0.6500 barrier on Wednesday, extending the weekly recovery, although its advance faltered just ahead of the 0.6530 region, where the key 200-day SMA sits.
EUR/USD met some decent resistance above 1.0700
EUR/USD remained unable to gather extra upside traction and surpass the 1.0700 hurdle in a convincing fashion on Wednesday, instead giving away part of the weekly gains against the backdrop of a decent bounce in the Dollar.
Gold keeps consolidating ahead of US first-tier figures
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