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20 Sep 2014
Technical snap shots on majors and crosses - TDS
FXStreet (Guatemala) - Analysts at TD Securities gave us a snap shot of the technicals across a number of majors and crosses at the close of this week's session.
"EUR/USD retains a weak undertone but looks oversold short-term; only gains through 1.2930/35 would signal any scope for near-term strength".
"USD/JPY backs away from 109+ levels and the daily chart looks toppish short-term; expect losses to remain limited for now, however".
"EUR/GBP's break below the recent range base stalls and reverses today; the broader trend is lower, however, and we favour fading short-term GBP losses".
"EUR/PLN weakness should extend below 4.1725".
"AUD/NZD will continue to reflect AUD under-performance; look for a drop back to 1.07/1.08".
"EUR/USD retains a weak undertone but looks oversold short-term; only gains through 1.2930/35 would signal any scope for near-term strength".
"USD/JPY backs away from 109+ levels and the daily chart looks toppish short-term; expect losses to remain limited for now, however".
"EUR/GBP's break below the recent range base stalls and reverses today; the broader trend is lower, however, and we favour fading short-term GBP losses".
"EUR/PLN weakness should extend below 4.1725".
"AUD/NZD will continue to reflect AUD under-performance; look for a drop back to 1.07/1.08".