-
Intraday Outlooks For DXY, EUR/USD, AUD/NZD, USD/CAD, Gold - SEB
The following are the intraday outlooks for USD Index, EUR/USD, AUD/NZD, USD/CAD, and spot Gold as provided by the technical strategy team at SEB Group. USD INDEX: Overly stretched. Even though the longer term trend without question is positive there are several short term warning signs of an “overstretched” climb. First of all we are outside the 55d Bollinger bands (bullishly sloped) and secondly there’s a bearish pre-divergence (which will underpin any downside attempt). All in all we wouldn’t be too surprised to see a 81.26/19 setback before resuming the bull trend. EUR/USD: Responsive buying. ... (full story)