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Positive oscillator behavior in EUR/USD

Increased upward momentum in the EUR/USD pair in recent days has brought the MACD to hurdle above its median line.

The condition could be taken by sellers as a reason to jump out from short positions, as well as spur demand for the EUR/USD among potential buyers.

Outlined on the daily perspective, the oscillator has not printed above zero at least for three weeks, a reason to pay attention to an otherwise less meaningful technical event.

AUD/JPY down move could be exhausted

AUD/JPY down move could be exhausted
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AUD/USD losing sight of the 0.73 handle

AUD/USD is currently trading at 0.7267 with a high of 0.7282 and a low of 0.7259. AUD/USD bulls are flaking at the 0.73 handle and we move into the closing session in Asia on the offer as we approach the FOMC next week, despite an outstanding jobs event yesterday with economists left puzzled at the content of the data, and not for the first time.
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