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Forex Flash: Bund performance confirms bullish view – RBS

FXstreet.com (Barcelona) - According to Technical Strategist Dmytro Bondar at RBS, “Bunds tested new highs above the 146.77 resistance confirming the bullish view – the level is the 161.8% Fibonacci projection from the January-March impulse wave.”

Moreover, there is however another resistance level of 146.93, which needs to be cleared to look for a rally to the next major pivot point of 147.63. Support is gained at 146.50, 146.23 and 20-day MA. Overall, “we keep a bullish stance, looking for a test of 147.43/63, 148.09 and 148.44/50. The primary caveat would be a sustained break below 146.23 and/or 20-day MA.”

Forex: AUD/USD entrenched at lows at 1.0223/27

The AUD/USD has taken a tumble Thursday, trading at session lows near 1.0223/27 during European trading. Following mixed overnight data out of Australia, the pair is now suffering from a movement of -0.46% off its opening.
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Forex: EUR/JPY hovering over 128.00 ahead of ECB

The cross is trading on the back foot on Thursday as the renewed strength of the Japanese yen continues to drag the pair to lower levels, ahead of the ECB interest rate decision due later...
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