Australian Dollar Stays Down Despite Better China Caixin PMIs

Talking Points: China’s Caixin service sector PMI bounced back in October Its 51.2 reading was well away from September’s very marginal growth Still, the Australian Dollar market wasn’t interested Trade all the major Asia Pacific market data live and interactive with the DailyFX webinars. Come join the debate, we’d love to have you along. An […]

Four-Day Losing Streak Breaks Aussie Down to Three-Month Lows

To receive Michael’s analysis directly via email, please SIGN UP HERE AUD/USD Daily Chart Technical Outlook: Aussie broke below confluence slope support at ~7778 last night on the heels of a lackluster print on 3Q CPI. The decline is now targeting a critical support confluence highlighted in yesterday’s weekly technical perspective at 7630/65. A break […]

USD/JPY Stair-Stepping Down Support

To receive Michael’s analysis directly via email, please SIGN UP HERE USD/CHFDaily Chart Technical Outlook: USDJPY turned from median-line resistance last week after failing to punch through basic trendline resistance extending off the yearly high. The focus is on near-term confluence support at 111.86/99– a region defined by the 23.6% retracement and the 200-day moving […]