Wednesday, September 30, 2015

Major crosses in a snapshot - Westpac

FXStreet (Guatemala) - Analysts at Westpac Banking Corporation offered a snapshot into the major currencies for this Asian session.

Key Quotes:

"AUD/USD: Momentum holds a strong negative bias across ST to LT time frames. ST rallies should fail this week ahead of new trend lows.

NZD/USD: Neutral bias as the downtrend pauses. Break above 0.6417 / below 0.6254 will provide the next clue to multi-week directional bias.

AUD/NZD: Multi-week triangle support at 1.0950/60 is key to the MT uptrend. Price has found balance above this key level and lacks momentum.

USD/JPY: Price has been unable to break its consolidation range during September. Break of 119.25/35 or 120.95/05 is key to direction.

EUR/USD: The bounce from key support last week has failed to hold its gains. Momentum is lacking, leaving us with a low level of ST conviction."
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