Published at 05:31 (GMT) 1 Sept
01 Sep EUR/AUD Daily
05::23 GMT - Despite the marginal move below 1.4050 support during intraday trade, oversold daily technical tools is making bears wary of pushing lower at current depth with intermittent rebound expected. Lift above 1.4134 hurdle will inspire stronger rebound. [W.T]
R5: 1.4157 27 Aug high
R4: 1.4147 28 Aug high
R3: 1.4134 29 Aug high
R2: 1.4114 intraday level
R1: 1.4092 intraday level
S1: 1.4000 figure
S2: 1.3900 figure
S3: 1.3865 * 10 Jul 2013 low
S4: 1.3812 * 14 Jun 2013 low
S5: 1.3800 7 Jun2013 low
Recommended Content
Editors’ Picks
EUR/USD clings to gains above 1.0750 after US data
EUR/USD manages to hold in positive territory above 1.0750 despite retreating from the fresh multi-week high it set above 1.0800 earlier in the day. The US Dollar struggles to find demand following the weaker-than-expected NFP data.
GBP/USD declines below 1.2550 following NFP-inspired upsurge
GBP/USD struggles to preserve its bullish momentum and trades below 1.2550 in the American session. Earlier in the day, the disappointing April jobs report from the US triggered a USD selloff and allowed the pair to reach multi-week highs above 1.2600.
Gold struggles to hold above $2,300 despite falling US yields
Gold stays on the back foot below $2,300 in the American session on Friday. The benchmark 10-year US Treasury bond yield stays in negative territory below 4.6% after weak US data but the improving risk mood doesn't allow XAU/USD to gain traction.
Bitcoin Weekly Forecast: Should you buy BTC here? Premium
Bitcoin (BTC) price shows signs of a potential reversal but lacks confirmation, which has divided the investor community into two – those who are buying the dips and those who are expecting a further correction.
Week ahead – BoE and RBA decisions headline a calm week
Bank of England meets on Thursday, unlikely to signal rate cuts. Reserve Bank of Australia could maintain a higher-for-longer stance. Elsewhere, Bank of Japan releases summary of opinions.