Australian Dollar Analysis: AUD/USD, AUD/JPY, AUD/CAD, EUR/AUD Technical Setups
2021-05-23 08:00:00
Daniel Dubrovsky,
Strategist
Australian Dollar, AUD/USD, AUD/JPY, AUD/CAD, EUR/AUD – Weekly Technical Outlook
Australian Dollar remains in broad consolidation, signals mixed
AUD/CAD may aim lower, EUR/AUD facing triangle breakout
AUD/USD - Neutral
The Australian Dollar continues to consolidate against the US Dollar, but the near-term bias could remain tilted to the upside. In April, AUD/USD broke above a Descending Triangle chart pattern, offering a bullish technical bias. While prices remain higher, upside momentum has been fading. Immediate support seems to be the 100-day Simple Moving Average. That could keep the bias tilted higher, bringing the 0.7849 – 0.7891 resistance zone into focus. Otherwise, the floor of the triangle stands between 0.7532 – 0.7583.
NZD/USD Rises After Rate Bets Ease, Business NZ PMI in Focus
2021-05-13 23:00:00
Thomas Westwater,
Analyst
Wall Street, Treasury Yields, NZD/USD, NZ Business PMI - Talking Points
Wall Street recovers losses as rate traders ease off the gas
New Zealand business PMI in focus, along with Hong Kong GDP
NZD/USD makes partial recovery after finding trendline support
Friday’s Asia-Pacific Outlook
Asia-Pacific markets may look to end the week on a high note following a rebound on Wall Street Thursday that saw investors favor blue-chip stocks, although tech stocks also rose. The Dow Jones Industrial Average closed 1.29% higher, clawing back a large portion of losses seen on Wednesday. Still, the US index remains off its recent all-time high.
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