Tag Archives: AUD/NZD
Australian Markets Weekly – Q1 GDP likely OK, now re-focus on the consumer
This week the key focus is the RBA, GDP and retail sales. Last week’s Q1 investment partials were uneven, but not as bad as feared.
Asian Currencies Technicals
Following on from Thursday’s bounce the AUD/USD spent Friday chopping around the 21-DMA ($0.9306) but remained supported ahead of the $0.9275 level.
The Global Macro Pulse
NZD led rallies in G10 FX, supported by strong building permits. NZDUSD rebounded to 0.850 from a two-month low of 0.845. AUD rose to 0.932 but AUDNZD is still marginally lower at 1.096.
Asian Currencies Technicals
AUD/USD again found support ahead of the key $0.9176-0.9205 region with the result being a solid move higher with initial support having developed on the hourly time frame at $0.9275.
Daily FX Wrap and Strategy
The NZD continues its recent run of underperformance,falling against the USD, unlike most of its peer. It has alsoplunged against the AUD.NZD/USD flirted with
AUDNZD– above 1.0912 strong indication of move to 1.12
We have been viewing the consolidation in AUDNZD as a textbook wave-(4) triangle. The curveball, and the newly promoted base case, is that the triangle was just a wave-(b) in a larger (a)-(b)-(c) corrective rally.
Asian Currencies Technicals
AUD/USD continues to find support ahead of the key $0.9176-0.9205 region. The $0.9277 level has recently capped the bounces off this support region and
Daily FX Wrap and Strategy
The NZD/USD was the weakest performing currency overthe past 24-hours. It sits at 0.8490 this morning.Fonterra announced its forecast payout for the 2014/15season yesterday morning.
Asian Currencies Technicals
After having found support ahead of the $0.9205 level last week the AUD/USD traded above last week’s high before stalling and dipping back towards initial support.
Daily FX Wrap and Strategy
The NZD/USD sits at a very similar level to yesterdaymorning, just below 0.8550 currently.In a quiet day, the NZD/USD made a bid for the 0.8580level early yesterday afternoon.
Asian Currencies Technicals
AUD/USD drifted a little higher to start the new week to retest the $0.9249 level that capped late last week with the $0.9174-0.9205 support region remaining key.
Markets Outlook – Tight Is as Tight Does
If the Reserve Bank was hoping to see generally higher mortgage and deposit rates as a result of the start of its OCR tightening cycle, and accompanying talk of “normalisation” ahead, then it’s probably been sorely disappointed.