News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Bullish
Oil - US Crude
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Wall Street
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Bearish
GBP/USD
Bullish
USD/JPY
Bearish
More View more
Real Time News
  • Will the Swiss Franc find reprieve after recent losses against the Canadian and New Zealand Dollars as NZD/CHF and CAD/CHF uptrends face key chart barriers? Find out from @FxWestwater here:https://t.co/c89gcaNhTt https://t.co/AyIyZ4xpjQ
  • US daily Covid-19 new cases have fallen to 133,913 on January 25th, marking the lowest reading since November 15th. The 7-day moving average of daily cases has also been declining with the rollout of coronavirus vaccines. https://www.dailyfx.com/forex/market_alert/2021/01/27/Nasdaq-Poises-to-Rise-with-Hang-Seng-ASX-200-Apple-Earnings-in-Focus.html https://t.co/bn5cYen2i2
  • Apple, Facebook, Tesla advanced in afterhours trade before their earnings release on Wednesday. Here are the EPS forecasts: - Apple: EPS $1.43 (+13.6% YoY) - Facebook: EPS $3.54 (+38.2% YoY) - Tesla: EPS $1.01 (+505.7% YoY)
  • Heads Up:🇨🇳 Industrial Profits (YTD) YoY (DEC) due at 01:30 GMT (15min) Previous: 2.4% https://www.dailyfx.com/economic-calendar#2021-01-27
  • The Australian Dollar may be at risk of losses against the New Zealand Dollar after an unexpectedly high NZ inflation reading sent AUD/NZD towards challenging short-term rising trend support. Get your market update from @ddubrovskyFX here:https://t.co/PfV9MCIvw1 https://t.co/iLTliBJaXG
  • Wall Street Futures Update: Dow Jones (+0.04%) S&P 500 (+0.09%) Nasdaq 100 (+0.47%) [delayed] -BBG
  • The Bitcoin/Ethereum ratio’s break to its lowest levels since August 2018 suggests that ETH may continue to outperform BTC in the coming weeks. Key levels to watch for Bitcoin and Ethereum. Get your $btc market update from @DanielGMoss here:https://t.co/mo3rw7bP4v https://t.co/qKJMkhbdkN
  • Overlooked this past session given the extreme volatility in heavily shorted US stocks: the PBOC warned of an asset bubble as it drained liquidity; the IMF said Biden's $1.9 tln stimulus could add 5ppt GDP to the US over 3 years and ECB made a thinly veiled threat over $EURUSD
  • 🇦🇺 Inflation Rate QoQ (Q4) Actual: 0.9 Expected: 0.7% Previous: 1.6% https://www.dailyfx.com/economic-calendar#2021-01-27
  • 🇦🇺 Inflation Rate YoY (Q4) Actual: 0.9% Expected: 0.7% Previous: 0.7% https://www.dailyfx.com/economic-calendar#2021-01-27
Near-term Setups in AUD/NZD, USD/CAD, AUD/USD & EUR/GBP

Near-term Setups in AUD/NZD, USD/CAD, AUD/USD & EUR/GBP

Michael Boutros, Strategist

AUD/NZD

AUD/NZD Daily

Last week I highlighted the risk for a rebound off key support at 1.0430/39 in AUDNZD with the subsequent rally failing just ahead of our target at the 2016 open (1.0663). We’ve been playing the pullback with the decline now eyeing areas of interest for re-entry on the long side. Initial support stands at 1.0511 and extends into our bullish invalidation level at 1.0476areas of interest for exhaustion / long-entries.

USD/CAD: Canada CPI is on tap tomorrow morning with USDCAD trading back into the weekly open today in New York. The focus heading into tomorrow’s release is on a break of the 1.34-1.3575 range with a topside breach favored. Levels highlighted in today’s Scalp Report.

AUD/USD: The pair broke below support noted yesterday at 7462 with the decline already taking out initial targets into 7420. The next support level of significance is the 61.8% retracement of the May advance at 7386. Review latest AUDUSD update (11/16)

EUR/GBP: Still looking lower while price is below 8709/36. This is a slower burning trade but the levels / slope have remained fruitful. Support targets of significance eyed at 8479 & 8349.Review latest EUR/GBP update (11/15)

Looking for trade ideas? Review DailyFX’s 2016 4Q Projections

---Written by Michael Boutros, Currency Strategist with DailyFX

Join Michael for Live Weekly Trading Webinars on Mondays on DailyFX at 13:30 GMT (8:30ET)

Follow Michaelon Twitter @MBForex contact him at mboutros@dailyfx.com or Click Here to be added to his email distribution list.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES