3 Oct 2014
AUD and crosses technical snap shot - TDS
FXStreet (Barcelona) - Analysts at TD securities explained the technical outlook for the AUD and crosses.
Key Quotes
“The AUD/USD sell off steadies in the mid 0.86 area but scope for a rebound looks limited and broader downside risks remain”.
“AUD/JPY's decline slows but may still test support in the upper 94 area”.
“AUD/NZD rejected the range base last week and struggles near the range ceiling this week; a sustained move above 1.13 or below 1.09 should see significant follow through now”.
“EUR/AUD's brutal September short squeeze has stalled right on major resistance and price signals turn negative; look for lower levels again from here”.
Key Quotes
“The AUD/USD sell off steadies in the mid 0.86 area but scope for a rebound looks limited and broader downside risks remain”.
“AUD/JPY's decline slows but may still test support in the upper 94 area”.
“AUD/NZD rejected the range base last week and struggles near the range ceiling this week; a sustained move above 1.13 or below 1.09 should see significant follow through now”.
“EUR/AUD's brutal September short squeeze has stalled right on major resistance and price signals turn negative; look for lower levels again from here”.