Technical Outlook For EUR/USD, USD/JPY, AUD/USD & NZD/USD: 25.09.2018


Although short-term ascending trend-line signals the EURUSD’s strength, the pair might soon find it hard to extend its recovery as the 1.1815-25 horizontal-region is nearby. Should prices rally beyond 1.1825 on a daily closing basis, the 1.1900 and the 200-day SMA level of 1.1945 are likely following numbers to appear on the chart. Moreover, pair’s sustained trading above 1.1945 could recall the 1.2000 round-figure and the 1.2040 resistances. On the downside, a D1 close below 1.1725 TL can drag the quote to 100-day SMA level of 1.1660 and then to the 50-day SMA level of 1.1610 prior to highlighting the 1.1530-20 support-zone. In case the pair continue trading southwards past-1.1520, the 1.1430, the 1.1325 and the 1.1300 could flash on the sellers’ radar to target.


USDJPY just broke the medium-term descending TL and may aim for the 113.20 if it manages to close above 112.75, else its pullback to the 112.40, the 112.00 and the 111.80 can’t be denied. Additionally, pair’s drop beneath the 111.80 could recall the 100-day SMA level of 110.85 and the upward slanting support-line, at 110.40, on the eyes Bears. If the pair crosses 112.75 on D1 basis, the 113.20 and the 113.60 can entertain short-term buyers before pleasing them with 114.00 mark. It should also be noted that 114.40 and the 114.75 may well gain market attention post-114.00.


Having failed to surpass the immediate resistance-confluence comprising 50-day SMA & fifteen-week old descending TL, the AUDUSD is indicating the 0.7215 and the 0.7140 re-test; though, the 0.7130 and the 0.7080 could confine its further declines. Assuming the pair’s extended south-run after 0.7080, the 61.8% FE level around 0.7000 could bear the limelight. Alternatively, the 0.7300 confluence-point seems crucial at the moment, breaking which 0.7320 & 0.7360 may act as buffers ahead of giving importance to 0.7390 figure, including 100-day SMA. Given the Bulls’ dominance over the momentum after 0.7390, the 0.7470 and the 0.7510 can well be aimed if holding long positions.


Alike EURUSD, the NZDUSD is also supported by an adjacent ascending trend-line, which in-turn signals brighter chances for the pair’s U-turn to 0.6670 but an intermediate resistance-line, at 0.6700, and the 0.6720-25 area, could restrict its follow-on upside. Should prices continue rising above 0.6725, the 0.6760, the 0.6780 and the 0.6800 can mark their presence as quotes. Meanwhile, the 0.6630 TL support and the 0.6620-15 region may challenge the short-term sellers, breaking which 0.6590 & 0.6540 can cater their needs. In case the pair refrains to respect 0.6540 rest-point, the 0.6500 may becomes its favorite spot to avail.