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23 Aug 2014
AUD and crosses technically speaking - TDS
FXStreet (Guatemala) - Analysts at TD Securities explained their analyses of the AUD and crosses in a snap shot.
Key Quotes:
“AUD/USD still looks bogged down in a range from a short-term point of view at least we look for support in the low 0.92 area and resistance just under 0.94”.
“The AUD looks better positioned on the crosses, however – AUD/JPY trades constructively above 96.50 (targets the low 98s); AUDNZD pressures resistance near 1.11 and GBPAUD's slide below support around 1.80 suggests more near-term weakness towards 1.77”.
Key Quotes:
“AUD/USD still looks bogged down in a range from a short-term point of view at least we look for support in the low 0.92 area and resistance just under 0.94”.
“The AUD looks better positioned on the crosses, however – AUD/JPY trades constructively above 96.50 (targets the low 98s); AUDNZD pressures resistance near 1.11 and GBPAUD's slide below support around 1.80 suggests more near-term weakness towards 1.77”.