Tag Archives: AUD/NZD

Daily FX Wrap and Strategy

The NZD/USD traded a fairly tight range over the past 24-hours after the previous day’s sharp fall. It trades around0.8330 currently.

AUD/USD continues to oscillate around the 21-DMA ($0.9309) with rallies stalling ahead of the $0.9344-74 resistance region.

The NZD was the weakest performing currency at the startof the week, now sitting 0.7% lower relative to the USD, at0.8350.

AUD/USD continues to oscillate around the 21-DMA ($0.9313) with rallies stalling ahead of the $0.9344-74 resistance region.

EURUSD: The correction attempt faded faster than expected asalready the 1.3289/98 resistance became a too big obstacleto overcome.

There is a feeling of inevitability about it. Deterioration in the external accounts, that is. The precise timing is always difficult to

Gladstone and Australia Pacific LNG projects are on track and on budget.

NZD/USD Outlook: Down this week The decline in NZD/USD, which started on 10 July from 0.8836,

After the impulsive run, the USD (DXY) will likely retreat at least to 81.50;

The events of the last week reinforced the message thatconditions for the New Zealand economy have softenedsince the start of the year.

Following the aggressive bounce Thursday the AUD/USD managed a spike above the 21-DMA ($0.9318) to end the week but

EURUSD: After initially dropping down to 1.3242 the sellers run out ofsteam and was soon, as warned of, replaced by shortcovering.