FX Rundown (week of 9/19)
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Australian Dollar
Technicals (December)
Australian Dollar futures have drifted higher over the past seven sessions. Futures have been in a Bearish trend since August 1 at 0.66400 and would need to rally to 0.65350 to Neutralize the current Bearish Trend.
Bias: Bearish/Neutral
Previous Session Bias: Bearish/Neutral
Resistance: 0.67630***
Pivot: 0.65350
Support: 0.64000-0.63500**
British Pound
Technicals (December)
The British Pound breaks through the 200 DMA. Futures have been in a Bearish trend since August 14 at 1.2678 and would need to rally to 1.2643 to Neutralize the current Bearish Trend.
Bias: Bearish/Neutral
Previous Session Bias: Bearish/Neutral
Resistance: 1.3000***
Pivot: 1.2643
Support: 1.2350*** (New contract lows)
Canadian Dollar
Technicals (December)
Canadian Dollar futures have been in a Bearish trend since August 2 at
0.75055 would need to close over 0.74580 to neutralize the Bearish trend. The 200 DMA is at 0.74520 and will provide strong resistance.
Bias: Bearish/Neutral
Previous Session Bias: Bearish/Neutral
Resistance: 0.74520**, 0.76000***
Pivot: 0.74410
Support: 0.73500-0.73000**
Euro Currency
Technicals (December)
The Euro Currency has been in a Bearish trend since August 14 at 1.09700 and would need a close back above 1.09160 to Neutralize the existing trend. The 200 DMA will also act as strong resistance at 1.09530.
Bias: Bearish/Neutral
Previous Session Bias: Bearish/Neutral
Resistance: 1.09160**, 1.11000***
Pivot: 1.0800
Support: 1.07000**
Japanese Yen
Technicals (December)
Japanese Yen futures have been in a Bearish trend since August 1 at 0.712650 and would need a close over 0.701560 to Neutralize the existing Bearish trend.
Bias: Bearish/Neutral
Previous Session Bias: Bearish/Neutral
Resistance: 0.701560**, 0.725000***
Pivot: 0.693650
Support: 0.680000***
Swiss Franc
Technicals (December)
The Swiss Franc has been in a Bearish trend since August 24 at 1.14445 and would be a close over 1.14620 to Neutralize the existing downward trend.
Bias: Bearish/Neutral
Previous Session Bias: Neutral
Resistance: 1.14620**, 1.15000***
Pivot: 1.14000
Support: 1.12020-1.11640***
U.S. Dollar
Technicals (December)
The U.S. Dollar continues to push to new contract highs. The U.S. Dollar has been in a Bullish trend since August 11 at 102.33, and only a close under 103.65 would take it back to a Neutral trend.
Bias: Bullish/Neutral
Previous Session Bias: Bullish/Neutral
Resistance: 105.00***
Pivot: 104.00
Support: 103.65**, 101.00***
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On the date of publication, Phillip Streible did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
