Forex Strategies

Daily FX Update

The pressure is on for today’s press conference by President Draghi and Friday’s nonfarm payrolls release.

Today’s highlights: AUDUSD has held key support at .8674/58 as expected, and

The NZD sits at a similar level, around 0.7800, thismorning.

Today’s highlights: AUDUSD’s collapse has extended to retest the .8658 low for the year.

The NZD has consolidated over the past 24-hours, to sit at0.7790 this morning.

The USD rally continues as EUR breaks towards 1.2600 and the DXY index breaks up to a four‐year high and above 86.00.

The NZD has been the worst performing currency over thepast 24-hours, losing a further 1.1% relative to the USD.

Rising concerns on global growth, driven by the Geneva Report, combined with the RBNZ’s confirmation that they have

Today’s highlights: AUDUSD weakness has extended to retest our .8674/58 target

The NZD limped lower on Friday night to end the weekaround 0.7870. After the previous day’s dramatic moves following the RBNZ’s currency ‘speech’,

Today’s end of week session is off to a relativelyquiet start; with the USD mixed as commodity currencies outperform;

Lacklustre take-up in the ECB’s TLTRO fuelled QE expectations.