EURUSD, AUDUSD, EURCHF daily outlook - Tuesday

By Jun 23, 2008 08:00PM ET

www.investing.com/analysis/technical/eurusd,-audusd,-eurchf-daily-outlook---tuesday-7936

EURUSD, AUDUSD, EURCHF daily outlook - Tuesday

By | Jun 23, 2008 08:00PM ET

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EUR/USD

The Euro declined on yesterday, erasing its Friday gains against the dollar but managed to confirm the short term support into the 1.5470 zone. The modest recovery after testing bids into the 1.5475 zone has got our attention on the 1.5530 and 1.5550 levels which are aimed by the Euro at the time of this report. More ranging action is likely ahead of the Fed interest rate decision tomorrow. Potential rallies may find strong offers around 1.5630 and higher, at 1.5770 as strong resistance levels are noticed there. On the downside, below recent bottom at 1.5770-75 we notice good support around 1.5420 and lower at 1.5320. Intraday momentum is currently neutral while short term studies are slightly bullish and will remain so while the Euro holds above 1.5420, preferably above 1.5480 too. Current quote is 1.5544 @06:30 GMT

Support levels: 1.5500, 1.5475, 1.5420 and 1.5320.
Resistance levels: 1.5570, 1.5620, 1.5650, 1.5700 and 1.5770.
Market sentiment: long-term : bullish, mid-term : bullish, short-term : slightly bullish

AUD/USD

Despite recent pullback, the Australian dollar maintains its bid tone above the .9500 mark and the upward channel is intact. Although short term sentiment favours gains towards .9600, downside risk is high and a potential break of .9500 may extend a decline towards .9440-50 on first phase then .9350 later. Key resistance is noticed at .9550 followed by .9565 and .9600. Current quote is .9526 @06:30 GMT

Support levels: .9500, .9490 and .9450.
Resistance levels: .9550, .9565, .9600 and .9630-50.
Market sentiment: long-term : bullish, mid-term : bullish, short-term : bullish

EUR/CHF

Key resistance into the 1.6250 zone will probably be tested soon and a potential break could accelerate a rally towards 1.6300 where next important resistance level is seen. Support starts at 1.6200 backed by 1.6160. Current quote is 1.6230 @06:30 GMT

Support levels: 1.6200, 1.6150-60, 1.6100 and 1.6070.
Resistance levels: 1.6250-65, 1.6300 and 1.6370.
Market sentiment: long-term : bullish, mid-term : bullish, short-term : bullish

Daily Technical Strategy By Lloyds TSB Corporate Markets - Jan 05, 2009

EUR/USD:Broader themes may have to take a back seat for a couple of weeks, but the bias remains broadly dollar negative. Re-try a small buy against 1.3430 support, stop 1.3380,...

Technical oscillators supporting the~bullish trend for the USD/CHF... By Finotec - Jan 05, 2009

USD/CHF – Market strategy is bullish, buying from the 1.1180~levelUSD/CHF-market strategy can be a buy from the level 1.1180Technical oscillators supporting the bullish trend...

January 06 analysis By Investija - Jan 05, 2009

In this PDF you will find the latest technical analysis published by Forex Trends

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Central Banks

Interest Rates

Next Meeting

FED

4.50%

May 07, 2025

ECB

2.65%

Apr 17, 2025

BOE

4.50%

May 08, 2025

SNB

0.25%

Jun 19, 2025

RBA

4.10%

May 20, 2025

BOC

2.75%

Apr 16, 2025

RBNZ

3.50%

May 28, 2025

BOJ

0.50%

May 01, 2025

CBR

21.00%

Apr 25, 2025

RBI

6.00%

Jun 06, 2025

PBOC

3.10%

BCB

14.25%

May 07, 2025

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EURUSD, AUDUSD, EURCHF daily outlook - Tuesday

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