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Forex Flash: Gilts look to extend weakness after Fibonacci support – RBS

Gilts led the way down after taking out 20-day MA and breaking the 119.00 support level. According to Technical Strategist Dmytro Bondar at RBS, “The price however reached a good support region of 118.61/71 formed by the 123.6% Fibonacci projection from the March impulse wave and a filled-not-closed gap from 27 March.”
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Forex Flash: AUD/USD could probe parity in near-term – Westpac

The RBAs May rate cut and hint of more to come is sending the cash rate into new territory. According to Global FX Strategist Sean Callow at Westpac, “While hardly a killer blow for the AUD/USD in a world of ultra low yields, this dovish outlook should see a probe of 1.00-1.0100 near term.”
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