Tag Archives: AUD/NZD

Aussie Currencies Technicals

The correction lower from last week’s brief pop above the $0.9400 level gathered momentum again Tuesday with

EURUSD: EUR/USD tests a range breakout target at 1.2864… If USD/JPY does not attract sellers at 106.30,

AUD/USD has been unable to capitalise on Friday’s close above the 55-DMA with the sell-off Monday seeing

EURUSD: Friday was spent digesting the post ECB slump and as longas holding below the mid body point of

Real GDP grew a solid 3.1% in the year to June 2014, close to the past two decade growth average of 3.3%.

NZD/USD Outlook: Down this week We continue to hold a negative view of NZD/USD.

We believe the RBNZ will temper its OCR outlook at Thursday’s Monetary Policy Statement (MPS).

Rarely do all parts of the NZ economy move perfectly insynch.

Rallies during August lacked follow through above the 55-DMA with the close above Friday providing bulls with a boost.

AUD/USD rallied to fresh 2 month highs O/N, spiking above both the Bollinger top and the previous $0.9374 resistance level.

Time spent below the 21-DMA has been brief with the AUD/USD bouncing from ahead of the Bollinger band base back

Last week’s failure at $0.9374 has seen the aussie close back below the 21-DMA with immediate focus having shifted to