Danske Research Team
Danske Bank A/S
Majors
EUR/USD: SHORT AT 1.3412 FOR 1.3249 OBJECTIVE, STOP 1.3457
USD/JPY: LONG AT 102.50 FOR 103.65; REVISED STOP AT 102.29
GBP/USD: SELL AT 1.6750 FOR REVISED 1.6555; STOP AT 1.6805
USD/CHF: LONG AT .8909 FOR REVISED .9156; STOP AT .9028
AUD/USD: SELL AT .9340 FOR .9203; STOP AT .9380
USD/CAD: BUY LOWER
Crosses
EUR/JPY: LONG AT 136.42 FOR 137.71 OBJECTIVE, REVISE STOP 136.52
EUR/GBP: LONG AT .7955 FOR .8082; STOP AT .7970
EUR/CHF: POSSIBLY SELL
EUR/CAD: SELL AT 1.4645 FOR 1.4410 STOP AT 1.4715
GBP/JPY: SHORT AT 171.75 FOR 169.50, STOP AT 172.05
NZD/USD: LONG AT .8470 FOR INITIAL .8601 OBJECTIVE; STOP AT .8395
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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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