Tag Archives: AUD/NZD

Daily FX Wrap and Strategy

The NZD was the outperformer amongst the majorsovernight, with NZD/USD up 0.4% to 0.8490.

AUD/USD is working its way towards the 21 & 100-DMAs in the $0.9340-44 region with initial support now noted at $0.9288.

O/S daily studies have finally had an impact with the rally Wednesday and possible close above confirming an easing of bearish pressure.

After last week’s brief excitement markets have relapsed back into summer slumber.

The NZD/USD tested 0.8400 yesterday, but has sincerebounded to 0.8440, down 0.2% for the day.

O/S daily studies may be hindering attempts to head lower with the AUD/USD having bounced from ahead of the $0.9229-39 support.

The past month has seen considerable traction made toward our end-of-year targets, as NZD underperformed amidst a broader USD rally.

The $0.9292 initial resistance level has again capped the AUD/USD. Bulls need a close above $0.9292 to

With such strong income growth occurring in the New Zealand economy, there is plenty to boost the nation’s spending…and saving.

RBA keep rates steady Tuesday again noting “the most prudent course is likely to be a period of stability in interest rates”,

Last week’s labour market data raised fresh doubts aboutthe economy’s capacity to

AUD/USD traded at fresh 2 month lows to end the week before bouncing a little, only to remain capped ahead of initial resistance.