Daily FNArena News - Technicals

Market analysts at FXCM suggest the Australian dollar is looking at record highs against the greenback as the US dollar index threatens its trend.

The TechWizard reports technical indicators are pointing towards another rally for AUD/USD.

Market analysts at FXCM see scope for gold to move higher as a flight to safety by investors starts to gather pace.

US equities are repeating the experiences of 2009 and 2010, report technical analysts at Barclays. This is a positive for later this year.

Technical analysts at Barclays report nickel’s run is about to run into a wall of resistance.

Technical market analysts at Barclays continue to see (technical) evidence the second half rally in risk assets remains on the cards.

Market analysts at FXCM suggest a major low may be in place for the US dollar as the currency has broken above trendline resistance and exceeded the May high.

The TechWizard reports CSL shares have broken below 20 M/A indicating more weakness is on the cards.

Market analysts at FXCM expect the Australian dollar will test its range against the US dollar as investor risk sentiment is wavering.

Market analysts at FXCM suggest while the Australian dollar may be headed fror fresh highs in coming months, short-term a test of support at 106 is likely.