Asia Recap: AUD keeps weak tone

By FXstreet.com | Updated 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%



Related Forex Analysis
  1. Asia Recap: BoJ eases further, market caught by surprise
    Forex News

    Asia Recap: BoJ eases further, market caught by surprise

  2. USD/JPY hits the roof on surprise BOJ easing
    Forex News

    USD/JPY hits the roof on surprise BOJ easing

  3. BoJ throws bombshell by easing further
    Forex News

    BoJ throws bombshell by easing further

  4. Euro May Look Past CPI Data, NZ Dollar Down on Building Permits Drop
    Forex News

    Euro May Look Past CPI Data, NZ Dollar Down on Building Permits Drop

  5. EUR/USD selling activity overwhelmingly from 4-10:30am EDT - SocGen
    Forex News

    EUR/USD selling activity overwhelmingly from 4-10:30am EDT - SocGen

Trading Center