• Latest
  • Trending
  • All
Tech analysis

High-yielding currencies mixed, Aussie at fresh lows

February 26, 2020 06:55
Equities struggle amid economic and China-related concerns

Equities struggle amid economic and China-related concerns

December 29, 2022 08:55
Dollar lacks upside momentum due to lower Treasury yields

Currencies stuck in ranges as New Year holiday looms

December 28, 2022 07:01
Stocks gain, dollar eases ahead of job market data

Dollar pressured by positive risk sentiment in thin markets

December 27, 2022 04:50
Dollar lacks upside momentum due to lower Treasury yields

Dollar tries to shrug off the pressure

December 26, 2022 05:13
Investors spooked by strong US data

Investors spooked by strong US data

December 23, 2022 11:55
Dollar lacks upside momentum due to lower Treasury yields

Dollar back under pressure after short-lived relief

December 22, 2022 05:17
Risk demand reemerges cautiously, but caution remains in place

Risk demand reemerges cautiously, but caution remains in place

December 21, 2022 08:49
Dollar lacks upside momentum due to lower Treasury yields

US dollar resists selling pressure

December 20, 2022 10:44
Market sentiment dented by recession fears

Market sentiment dented by recession fears

December 19, 2022 02:53
Dollar lacks upside momentum due to lower Treasury yields

Greenback stays on the defensive nearly across the board

November 16, 2022 05:34
Investor sentiment improves, but gains limited

Investor sentiment improves, but gains limited

November 15, 2022 05:46
Dollar lacks upside momentum due to lower Treasury yields

Dollar licks wounds after plunge

November 14, 2022 05:05
  • Terms & Сonditions
  • Contact
Saturday, June 3, 2023
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Equities struggle amid economic and China-related concerns

    Equities struggle amid economic and China-related concerns

    Stocks gain, dollar eases ahead of job market data

    Dollar pressured by positive risk sentiment in thin markets

    Investors spooked by strong US data

    Investors spooked by strong US data

    Risk demand reemerges cautiously, but caution remains in place

    Risk demand reemerges cautiously, but caution remains in place

    Market sentiment dented by recession fears

    Market sentiment dented by recession fears

    Investor sentiment improves, but gains limited

    Investor sentiment improves, but gains limited

    Risk sentiment keeps deteriorating, dollar climbs

    Stocks celebrate US inflation, dollar slumps

    Virus, US-China tensions hit global markets

    Market sentiment turns cautious amid events in the US

    Investors look indecisive ahead of another volatile week

    Investors look indecisive ahead of another volatile week

  • TECHNICALS
  • Interest Rates
  • Economic calendar
  • Backstage
No Result
View All Result
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Equities struggle amid economic and China-related concerns

    Equities struggle amid economic and China-related concerns

    Stocks gain, dollar eases ahead of job market data

    Dollar pressured by positive risk sentiment in thin markets

    Investors spooked by strong US data

    Investors spooked by strong US data

    Risk demand reemerges cautiously, but caution remains in place

    Risk demand reemerges cautiously, but caution remains in place

    Market sentiment dented by recession fears

    Market sentiment dented by recession fears

    Investor sentiment improves, but gains limited

    Investor sentiment improves, but gains limited

    Risk sentiment keeps deteriorating, dollar climbs

    Stocks celebrate US inflation, dollar slumps

    Virus, US-China tensions hit global markets

    Market sentiment turns cautious amid events in the US

    Investors look indecisive ahead of another volatile week

    Investors look indecisive ahead of another volatile week

  • TECHNICALS
  • Interest Rates
  • Economic calendar
  • Backstage
No Result
View All Result
FWNews - pulse of the forex market
No Result
View All Result

Home » High-yielding currencies mixed, Aussie at fresh lows

High-yielding currencies mixed, Aussie at fresh lows

AUDUSD hit fresh 11-year lows at 0.6560 as the selling pressure has intensified

by Joseph Deen
February 26, 2020 06:55
in Technical analysis
0
Tech analysis

EURUSD 

EURUSD extends the recovery for a fourth consecutive day on Wednesday. The pair eroded the 1.09 handle for the first time in two weeks but is yet to confirm a break above this important level. Technical indicators don’t show any clear bullish signals, with RSI pointing only slightly higher in the daily timeframes. Once the 1.09 level is broken, the euro may target the 1.0950 area, where the next resistance lies. In the weekly charts, EURUSD remains bearish, trading not far from long-term lows and staying far below the key moving averages, suggesting there is much room for a recovery.

GBPUSD 

The cable turned negative on Wednesday following a brief spike during the previous day. The pair failed to hold above the 1.30 handle and is now below the 100-DMA, trading close to the 1.2920 area. The downside momentum suggests there is a threat of a break below 1.29 in the near term, with the daily RSI pointing south around 45. The fact that the pound has settled below the 100- and 50-DMAs again also gives some ground to expect further decline in the near term. 

USDJPY

USDJPY is making recovery attempts following three days of losses from the levels above 112.00. The pair has found support at the 20-DMA marginally below the 110.00 figure and has been challenging the 110.50 intermediate resistance. Once above, the dollar may retarget 111.00. the bullish scenario may come true in the short term, as both the daily RSI and the moving averages are now pointing slightly upwards. Should the selling pressure reemerge, USDJPY will likely get under the 20-SMA.

EURGBP

The cross climbed to two-week highs around 0.8430 amid a broad-based weakness in the sterling. The pair resumed the ascent following a short-lived decline yesterday and now looks set for further gains towards the 50-DMA that arrives around 0.8460. Still, the euro is yet to confirm a recovery above 0.8, as the upside momentum looks unsustainable so far despite the RSI signals a slight upward bias. In the 4-hour charts, the technical picture is more bullish, with the pair trading just shy of the 200-SMA, being above the 50- and 100-SMAs. 

AUDUSD

AUDUSD hit fresh 11-year lows at 0.6560 as the selling pressure has intensified following a break below 0.66 earlier in the day. The pair has been steadily declining since the start of the year and may suffer further losses, as bearish technical signals prevail. The daily RSI has settled in the oversold territory below 30 while all the three key moving averages pointing slightly south. Should the Australian dollar shift into a recovery mode any time soon, the initial resistance now arrives at 0.66.

Tags: AUDUSDEURUSDGBPUSDUSDJPY
Share5Tweet3
ADVERTISEMENT
Joseph Deen

Joseph Deen

Joseph is a technical analysis expert. A graduate of NYU, Joseph has a master's degree in mathematics. On FWNews, Joseph provides exchange rates reviews and forecasts.

Related Posts

Equities struggle amid economic and China-related concerns
Fundamental analysis

Equities struggle amid economic and China-related concerns

December 29, 2022 08:55
16
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Currencies stuck in ranges as New Year holiday looms

December 28, 2022 07:01
12
Stocks gain, dollar eases ahead of job market data
Fundamental analysis

Dollar pressured by positive risk sentiment in thin markets

December 27, 2022 04:50
12
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Dollar tries to shrug off the pressure

December 26, 2022 05:13
12
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Dollar back under pressure after short-lived relief

December 22, 2022 05:17
16
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

US dollar resists selling pressure

December 20, 2022 10:44
14

Leave Your Opinion Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Investor sentiment looks neutral at the start of the week

Omicron, Fed weighing on investor sentiment

December 14, 2021 00:15
11
Pound corrects higher due to dollar weakness

Dollar demand reemerged after correction

October 5, 2021 06:54
16
Pound corrects higher due to dollar weakness

Greenback remains on the offensive across the board

September 20, 2021 09:49
16

Ads

Shneider Electric

Most Popular

A slow start to the week in FX markets
Technical analysis

Dollar regains ground to start the week

January 25, 2021 07:25
118
A slow start to the week in FX markets
Technical analysis

Greenback advances modestly amid strong data

May 28, 2021 07:38
110
Kim Jong Un reportedly says his nuclear weapons guarantee there will be no more war
News

Kim Jong Un reportedly says his nuclear weapons guarantee there will be no more war

July 28, 2020 08:29
95
FWNews

Copyright © 2022 FWNews

  • Terms & Сonditions
  • Contact
No Result
View All Result
  • FUNDAMENTALS
  • TECHNICALS
  • Interest Rates
  • Economic calendar
  • Backstage

Copyright © 2022 FWNews