Asia Recap: AUD keeps weak tone

By FXstreet.com | July 24, 2014 AAA

FXStreet (Bali) - The last session of the week developed in a slow fashion, with the Aussie continuing to give back part of this week's gains.



The calendar offered no currency movers, with the only two events to highlight being the Japanese inflation numbers, which came mixed within BoJ projections, while in New Zealand, business confidence kept sliding again.



In the FX market, the AUD/USD tested an ascending trendline at 0.94 round number after being well capped by 0.9425 intraday resistance. USD/JPY was littled mved, currently at 101.75-80, where a descending trendine off June highs is now keeping the upside protected. NZD/USD consolidated recent losses around 0.8570, with no sign of buyers yet.



Main headlines in Asia



Tokyo inflation numbers steady



New Zealand ANZ Business Confidence: 39.7% (July) vs previous 42.8%



comments powered by Disqus
Related Forex Analysis
  1. USD/JPY Traders Await Clearer Guidance As A Doji Signals Hesitation
    Forex News

    USD/JPY Traders Await Clearer Guidance As A Doji Signals Hesitation

  2. USD/JPY is dancing around 107.00
    Forex News

    USD/JPY is dancing around 107.00

  3. USD/CAD Tests Critical Barrier As Intraday Dojis Denote Indecision
    Forex News

    USD/CAD Tests Critical Barrier As Intraday Dojis Denote Indecision

  4. NZD/USD Stalls At 0.8000 Barrier As A Doji Arises & Volume Fades
    Forex News

    NZD/USD Stalls At 0.8000 Barrier As A Doji Arises & Volume Fades

  5. EUR/USD sidelined above 1.2700
    Forex News

    EUR/USD sidelined above 1.2700

Trading Center