Tag Archives: AUD/NZD
Daily FX Wrap and Strategy
It was a quiet end to the week for the NZD as localmarkets were closed for ANZAC day. The NZD/USD closedat 0.8580.For the past week, or so, the NZD/USD has traded a fairlytight range between 0.8550 and 0.8640.
Stronger yen and lower AUD/NZD
EUR/USD: The market remains rangebound. Support near a weeklymid-body point (1.3790) seems solid and upside attemptsare repeatedly responded to. Outside 1.3785\1.3865 isneeded to show a tilt.
Daily FX Wrap and Strategy
The NZD is a little lower this morning ahead of the RBNZpolicy decision. The NZD/USD is 0.2% softer at 0.8580.The collapse in AUD following Australia’s soft inflation print pushed the NZD/AUD higher overyesterday’s session.
The aussie is an underdog reborn. GBP could give back some gains
EUR/USD: From here, there is a faint near-term upside tilt, but a moveoutside 1.3825/1.3785 would give a better directional hint.Also outside 1.3865/1.3749 would lend a stronger sense ofdirection.
Weekly Commentary
Heading into the countdown to the RBNZ’s OCR Review,last week delivered a downside surprise on inflation andanother drop in dairy prices. However, this week we shouldget another instalment of ultra-strong net migration data.
Asian Currencies Technicals
Aussie closed on a heavy note marginally above last week’s low’s with immediate bearish focus on the $0.9307 initially support.
AUD/NZD returning sellers. NOK/SEK profit taking?
EUR/USD: The past days the market has more or less been moving upand down in three’s (hourly chart) leaving us without adirectional hint. It is also likely that the upcoming Easterholiday
Daily FX Wrap and Strategy
The NZD has traded between 0.8630 and 0.8690 over thepast 24-hours, sitting at 0.8670 this morning.The NZD absorbed yet another strong domestic data pointyesterday.
Australian Markets Weekly
Wasn’t 2014 meant to be the year of the falling $A? We expect it still will be and our FX Strategy team are not rushing to change their forecast for $A to be US 84 cents by end of 2014 and US 80 cents by end of 2015.
Weekly Forex & Interest Rate Outlook
NZD/USD Outlook: Neutral this week The NZD’s uptrend remains intact but momentum is waning.
Weekly Commentary
New Zealand’s powerful economic upswing appears to haverumbled on through the first quarter of 2014 – althoughthere are some question marks in the detail.
SEK weakness likely to pause. US equities hard hit
EUR/USD: The break of 1.3877 triggered the stop of our TA sellrecommendation posting a 0.12% loss. The only remainingline of defense, before making a new high, is the 78.6% Fiboresistance at 1.3905.