23 Mar 2015
Outlook for FX majors – Kshitij Consultancy
FXStreet (Barcelona) - The Kshitij Consultancy Team views that EUR, GBP and AUD might consolidate against the USD and move higher in their ranges in this week.
Key Quotes
“Dips to 1.0710-0685 in the Euro, to 1.4865-4810 in the Pound and to the 0.7730-10 region in the Aussie are likely to get bought in the near term.”
“The broad theme for these currencies is likely to be range trade between 1.0650-1.1000 for the Euro, 1.4730-1.5100 for the Pound and 0.7650-7850 for the Aussie.”
“We could see these currencies strengthen towards the upper end of the range later in the week.”
“Dollar-Yen has Support at 119.50 and could get bought on dips for a slow rise towards 121.00 over the course of the week. The Euro-Yen has good Support at 129.10 and can rise towards 130.50 while that holds.”
Key Quotes
“Dips to 1.0710-0685 in the Euro, to 1.4865-4810 in the Pound and to the 0.7730-10 region in the Aussie are likely to get bought in the near term.”
“The broad theme for these currencies is likely to be range trade between 1.0650-1.1000 for the Euro, 1.4730-1.5100 for the Pound and 0.7650-7850 for the Aussie.”
“We could see these currencies strengthen towards the upper end of the range later in the week.”
“Dollar-Yen has Support at 119.50 and could get bought on dips for a slow rise towards 121.00 over the course of the week. The Euro-Yen has good Support at 129.10 and can rise towards 130.50 while that holds.”