The pair, which started the day with an uptrend, is now 1.61600, if the chart breaks down to 1.62200 at the strong resistance level.
EUR/USD was flat at 1.1020 after the German Ifo index showed that German business confidence rose this month, after the euro zone's largest economy avoided falling into a recession
As the day begins, the pair is moving towards resistance. If the chart breaks down 0.85000, the target will be 0.84730.
After advancing to a fresh daily high of 0.6815 in the early trading hours of the American session, the AUD/USD pair lost its traction and erased its daily gains to turn flat near the 0.6800 mark as the AUD failed to capitalize on renewed trade optimism.
The pair, which wants to start the week with an uptrend, is now at a strong support level, if the price breaks up 0.84880, the target will be 0.85580.
The Australia and New Zealand Banking Group (ANZ) recently came out with its analysis on the AUD/NZD pair. Recent thawing in that relationship has seen the undervaluation shrink slightly, but we see scope for it to shrink even further, taking the cross to around 1.10 over the next few months.
The Euro US Dollar (EUR/USD) exchange rate remained muted as Eurozone inflation slowed, leaving the pairing trading at around $1.1025.
The pair started its day off with a strong resistance at the opening of the week. Since the price is affected by this resistance level, it may experience a decline.
After posting losses for three straight sessions, NZD/USD is flat in Thursday trade. In the European session, the pair is trading at 0.6367, up 0.04% on the day. There are no New Zealand events for the remainder of the week.
The pair, which started the week with a decline, is seeing a strong resistance. If the price breaks down to 0.83700, the target will be 0.83250.
With the Reserve Bank of Australia (RBA) citing downside risk to the global economy, AUD/JPY declines to 74.85 by the press time of early Tuesday.
The pair, which started the day with a downtrend, is now at a strong resistance level, if the price breaks down to 0.90560, the target will be 0.90250.
The pair, which started the day with a downtrend, will be 109.000 if the price breaks down the 109.600 support level at a strong resistance level.
The bid tone around the Australian Dollar weakened, leading to a drop in the AUD/USD pair after the official data showed the Australian consumer spending growth slowed in October.
The EUR/USD pair extended its intraday pullback from levels beyond mid-1.1100s and refreshed daily lows post-ECB announcement.
The pair, which started the week with an uptrend, is also on the rise. After a possible movement, the price may rise to 1.11090.
The AUD/USD pair has recovered losses and is currently trading largely unchanged on the day even though an auction of Australian debt missed the target. The currency pair is currently trading at 0.6856, having hit a low of 0.6844 in the early Asian hours. The currency pair could pick up a strong bid if the US durable goods data, scheduled for release at 12:30 GMT,...
If the pair, which started the day with an uptrend, continues to rise at the significant support level and continues to rise from this support level , the target will be 1.64260.