OSB Daily Technical Analysis for September 22, 2014

EUR/USD Downward bearish pressure remains with significant support at 1.2835. A break below extends down move to 1.28. Limited upside momentum, resistance at 1.2865-85. Bearish with weakness prevalent.

EUR/GBP Sell off in EURGBP testing 0.78 handle only to bounce back and close at 0.7877. Consolidation likely with renewed downside momentum on a close below Fridays lows, ideally a break below 0.78. Resistance at 0.7890.

EUR/JPY Breakout above 141.00 handle met strong resistance. Pull back and close below 140.00 suggests further correction and likely consolidation. Strong support at 138.60-80. Close above Fridays close renews bullish up move.

EUR/CHF Close essentially unchanged from previous days close. Support at 1.2055-65. Consolidation and continuation of sideways action likely. Resistance at 1.2085.

GBP/USD Sharp sell-off essentially erased most of previous days gains with a close at 1.6287. Support at 1.6250. Close below suggest further down move towards recent lows. Sideways action and consolidation likely.

USD/JPY Rally towards 109.50 resistance level. Strong bullish momentum coincides with overbought signs suggest some correction likely. No signs of market top just yet. Support at 108.40-50 level.

USD/CAD Sell-off and dip below 109.00 handle to close above the 20 DMA at 1.0963. A close above 110.00 level renews upward move. Resistance at 1.0985. Support 1.0910-00.

USD/CHF Support at 0.9340 on Friday. Rally and close above 0.94 handle suggest some further upside in USDCHF pair. Resistance at 0.9450. Bullish.

AUD/USD sold-off and closed near daily lows on Friday. Support at 0.89 handle appears significant. A close below renews downward momentum. Resistance at 0.8985-95. Weakness and bearish momentum intact.

NZD/USD Lower close without too much action in the NZDUSD pair on Friday. Pair looks to be in consolidation mode. Support at 0.81-0.8080. Downside biased with little interest from buyers for now.

 

NOTE

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