Daily-FX-Market Forex Technical Analysis - Get all the info about the forex market
  • Jun
    24

    Forex Technical Analysis for Wednesday, June 24th, 2009

    Daily  FX – Day Trading FX

    Currency

    Daily stance

    Analysis

    EURUSD

    0/+ 1.3800 proved solid support at head and shoulders neckline, EURUSD climbing steadily
    EURJPY

    0/- Look to sell 134.50 as we think it could bounce higher before heading lower again
    USDJPY

    0 Sideways action expected, remain rangebound 96.00 and 96.80
    GBPUSD

    0/- Looking to sell around 1.6450-70 area looking for more downside
    AUDUSD

    0/- Sell near resistance around 0.9750, looking for a break below 0.7880 and below.

     

     

    Forex Options Trading

     

    FX-Options

    Analysis

    EURUSD

    Vols are slightly higher with a continuing interest in EUR calls. Front end was a bit of a mix.
      with a few aggressive buyers of 1.45 EUR calls.
    USDJPY Yen vols turned quickly bid early in the session as spot tested under 9600. Offers quickly
      came back as spot rebounded. Likely to see spot lower over the next week.
    AUDUSD Vols relatively well supported but sellers have been quick to appear on the spot rallies.
      Goldman was noted aggressive buyers of short date AUD puts.

     

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