Forex: AUD/USD in red around 1.0250

The Aussie dollar is trading in the defensive position on Friday, retracing ground from Thursday’s highs above 1.0280 to the actual area around 1.0250, despite the positive figures from the Chinese external sector during February.

No further data in Australia until next Tuesday, when the National Australia Bank would publish its Business Conditions/Confidence indices.

At the moment, the pair is down 0.15% at 1.0251 facing the next support at 1.0206 (high Mar.4) ahead of 1.0188 (low Mar.5) and finally 1.0182 (Lower Bollinger).
On the flip side, a break above 1.0265 (hourly low/high Mar.6) would bring 1.0278 (MA21d) and then 1.0303 (high Mar.6).

Mar 8, 2013

Forex: USD/CHF bounces to 0.9450 during Asian session

Yesterday's drop from just below 0.9500 found support at 0.9410 and, overnight, the USD/CHF bounced to 0.9450 (+0.22%) surrounding area, where it trades at the moment. Ahead is Switzerland CPI in February, due at 08:15 GMT. Analysts expect the same pace of -0.3% on both monthly and yearly data.

Forex: USD/JPY at mid 95's levels in preparation for US NFP

A big weight got off USD/JPY shoulders on ECB Draghi's speech yesterday, where he gave an upbeat and confident indication that Eurozone's economy will recover. A new “risk-on” mood gave strength for a move towards 95.00 yesterday, and today's Asian session pushed further to 95.44 high.