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.”
(Market News Provided by FXstreet)