29 Jan 2015
AUD and crosses in a technical snapshot - TDS
FXStreet (Guatemala) - Analysts at TD Securities gave a technical snapshot of the Aussie and crosses.
Key Quotes:
"AUD/USD's bear trend may find some respite near 0.7600/50 but the broader trend is bearish and rallies are liable to remain limited."
"AUD/JPY's decline may slow near-term but trend dynamics are aligned bearishly here as well."
"AUD/NZD's recovery from the early January low may extend towards 1.08/1.09."
"EUR/AUD's break above bear trend resistance implies some upside potential near-term but scope for EUR gains is limited."
Key Quotes:
"AUD/USD's bear trend may find some respite near 0.7600/50 but the broader trend is bearish and rallies are liable to remain limited."
"AUD/JPY's decline may slow near-term but trend dynamics are aligned bearishly here as well."
"AUD/NZD's recovery from the early January low may extend towards 1.08/1.09."
"EUR/AUD's break above bear trend resistance implies some upside potential near-term but scope for EUR gains is limited."