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11 Mar 2015
G10 FX outlook: EUR/USD interim target at 1.0550/1.0600 – Westpac
FXStreet (Barcelona) - The Westpac Team gives the technical outlook for key G10 FX pairs – EUR, JPY, AUD and NZD with the USD.
Key Quotes
“AUD/USD New negative ST triggers highlight a strengthening downtrend. Negative momentum across timeframes. Interim target 0.7550/70.”
“NZD/USD Momentum bias has resumed an aggressive negative bias across time frames. Expect further immediate decline targeting 0.7100/20.”
“AUD/NZD Bullish reversal last week places risk firmly higher. Recent upswing paused. Bullish upon a close above the 50 day MA at 1.0495/00.”
“USD/JPY Interim target achieved at 121.85. 122.50/00 should remain a firm top as weakening JPY crosses limit upside potential multi-week.”
“EUR/USD Downtrend is well-established and upside is limited. Momentum is increasing its aggressive bias. Interim target at 1.0550/1.0600.”
Key Quotes
“AUD/USD New negative ST triggers highlight a strengthening downtrend. Negative momentum across timeframes. Interim target 0.7550/70.”
“NZD/USD Momentum bias has resumed an aggressive negative bias across time frames. Expect further immediate decline targeting 0.7100/20.”
“AUD/NZD Bullish reversal last week places risk firmly higher. Recent upswing paused. Bullish upon a close above the 50 day MA at 1.0495/00.”
“USD/JPY Interim target achieved at 121.85. 122.50/00 should remain a firm top as weakening JPY crosses limit upside potential multi-week.”
“EUR/USD Downtrend is well-established and upside is limited. Momentum is increasing its aggressive bias. Interim target at 1.0550/1.0600.”