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Forex Flash: AUD/USD - cautious of a rebound - Commerzbank

FXstreet.com (London) - Commerzbank Analyst, Karen Jones explains that the market has met initial target of 0.9871/62.

This is the location of the 200 week ma and the 2011-2013 uptrend and her team are cautious of a rebound. She note’s a TD perfected set up on the daily chart, which often warns of corrective rebounds. She expects rallies to find that the previous range lows at 1.0100/16 will offer good interim resistance and she would expect the market to remain capped by the 1.0223 short-term downtrend.

Forex Flash: NZD - the fiscal position remains ontrack – TD Securities

Alvin Pontoh, Asia-Pacific Macro Strategist, FX & Rates Strategy for TD Securities notes tat The NZ Budget confirmed that the fiscal position remains ontrack to achieve a surplus in 2014/15.
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Forex: EUR/CHF upside capped around 1.2480

The Swiss franc is resuming its depreciation against the single currency on Thursday, pushing the pair to the vicinity of 1.2450/55 after bottoming in the 1.2420 region....
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