Thursday, 24 July 2014 14:54
Bergerak terbalik dengan EUR / USD, USD / CHF mengambil langkah lebih tinggi dan mencapai puncak 5 bulan baru pada awal sesi Eropa.
USD / CHF melihat kenaikan moderat cepat tinggi dari 0,9037 sebelum menarik kembali ke kisaran sesi terakhir. Pada saat penulisan, pasangan ini diperdagangkan di 0,9028, 0,09% di atas harga tersebut.
Sementara itu, Ketua SNB Thomas Jordan mengatakan dalam sebuah wawancara tutup pada CHF tetap menjadi alat kebijakan utama dan bank akan mempertahankan cap di masa mendatang.
USD / CHF tingkat untuk menonton
Adapun tingkat teknis, USD / CHF bisa menemukan resistance pada 0,9037 (tinggi 24 Juli), 0,9063 (6 Feb tinggi) dan 0,9081 (3 Feb tinggi). Di sisi lain, dukungan yang terlihat di 0,9000 (level psikologis), 0,8977 (22 Juli rendah / 10-hari SMA) dan 0,8950 (50-hari SMA).
Thursday, 24 July 2014 13:43
Karen Jones, Head of FICC Technical Analysis at Commerzbank, suggests the pair is poised to test 0.9169 in the longer term.
“USD/CHF has stalled just ahead of the .9036 June high”.
“Directly above here lies the 78.6% retracement lies at .9058. These represent some tough overhead resistances for the market and may hold the initial test ahead of gains to the .9127 2014 high”.
“Intraday Elliot wave counts are suggesting that dips should terminate circa .9000/.8965”.
“We suspect that these will all need to be cleared in order to regenerate strong upside interest”.
Thursday, 24 July 2014 13:40
EUR/USD opened the day at 1.3462, slid to 1.3437, but rebounded a bit by the moment.
Reasons to dive
The pair is still trading around 8-month lows, refreshing it at European open. Empty economic calendar of euro zone during the first days of the week didn’t prevent the single currency from falling down, thus, the scheduled for release today’s PMI data may get special attention, and special reaction. It looks like the market already started to react to it in advance. If readings prove the slowing of German economy, and the third month in a row contraction of French economy, the pair may go closer to 1.34 after 1.3433 support level is broken.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3464, with support below at 1.3454, 1.3443 and 1.3433, with resistance above at 1.3575, 1.3485, and 1.3496. Hourly Moving Averages are bearish, with the 200SMA at 1.3535 and the daily 20EMA bearish at 1.3564. Hourly RSI is bearish at 41.
Thursday, 24 July 2014 13:36
AUD/USD is trading slightly below its opening level of 0.9453 after moving to the Asian high at 0.9475.
Out of steam
AUD/USD was one of the best performers yesterday as Australian inflation data made investors fret about RBA monetary policy outcomes. The upside has stalled somewhere in mid-0.94, and even positive China PMI data provided only temporary positive effect on the Aussie. Though the short-term technical picture looks bullish as long as the pair holds above 0.9400 support, the bulls need a sustained close above 0.9500 on weekly basis to break the mid-term consolidation pattern from early April. US macroeconomic reports, namely initial jobless claims and new home sales, might shed some light on Aussie future, though we will need to see a really great figures to find AUD/USD below 0.9400 by the end of the day.
Today's central pivot point can be found at 0.9433, with support below at 0.9402, 0.9349 and 0.9318, with resistance above at 0.9486, 0.9517 and 0.9570. Hourly Moving Averages are mixed with the 200SMA bullish at 0.9387 and the daily 20EMA neutral at 0.9392. Hourly RSI is bullish at 60.
Thursday, 24 July 2014 10:37
USD/JPY has died somewhere at 101.50 after moving within 10-pip range in Asia
Come on, move!
Markets mostly ignored the trade numbers from Japan that came out worse than expected, suggesting that Japanese officials might be out expressing their displeasure with the JPY exchange rate. Obviously, none really thinks they will dare to intervene. Not this time. That’s why JPY traders only yawed at it, while Japanese stock induced even climbed a little. China published better than expected flash PMI data for July, which has been supportive for risk sentiments across the board. Later during the day we have US initial jobless claims and new home sales, though these reports will hardly be able to knock USD/JPY out of its range limited by 101.70/80 on the upside and 101.20 on the downside.
What are today’s key USD/JPY levels?
Today's central pivot point can be found at 101.45, with support below at 101.35, 101.21 and 101.10 with resistance above at 101.59, 101.70, and 101.84. Hourly Moving Averages are mixed, with the 200SMA bullish at 101.47 and the daily 20EMA bearish at 101.58. Hourly RSI is bullish at 59.
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