Tag Archives: AUD/NZD
Asian Currencies Technicals
Last week’s repeated attempts to head higher remained capped ahead of the 38.2% Fibo and Jan monthly high with the pair ending the week marginally above the rising daily channel base ($0.8953).
Asian Currencies Technicals
The $0.9085 Jan monthly high remains key resistance this week with a close above this level needed to kick start bullish momentum and see focus shift to layers of resistance in the
Asian Currencies Technicals
The $0.9085 Jan monthly high remains key resistance this week with a close above this level needed to kick start bullish momentum and
The Global Macro Pulse
The EUR edged higher to 1.3765, while USDJPY was marginally lower to 102.24. AUD fell to a low of 0.899 before reversing to 0.901. A similar pattern was followed by NZD,
Technical Alert: Strong euro, weaker dollar, krona (and possibly also the pound)
EUR/USD: Violation above a Jan peak at 1.3740 is a short-term bullishlead. The move is not stretched and is seemingly working itsway through an “Equality point” at market.
Asian Currencies Technicals
The $0.9085 Jan monthly high remains key resistance this week with a close above this level needed to kick start bullish momentum and see focus turn to
Asian Currencies Technicals
The sharp correction lower for the aussie on Thursday found support at the 55-DMA with daily tech studies now looking to correct lower from very overbought levels.
Weekly Forex & Interest Rate Outlook
The recent improvement in global sentiment has supported the NZD. A continuation of this theme should push it higher to 0.8430 during the week ahead.
Australian Markets Weekly – Unemployment rises as economy stabilises
Unemployment rises to 6% as the economy shows signs of stability. NAB still expects the economy to grow by 3% this year and next, net exports being a major contributor. AUD has a mini recovery, the AUD/USD trading above 0.90.
Weekly Commentary
In short, the story we tell in the February Overview remains a familiar one. As expected2013 saw the New Zealand economy accelerate, boosted by a big lift in constructionactivity on the back of the Canterbury rebuild,
Asian Currencies Technicals
The sharp correction lower for the aussie on Thursday found support at the 55-DMA with daily tech studies now looking to correct lower from very overbought levels.
Daily FX Wrap and Strategy
The NZD has crept a little higher to sit around 0.8340 this morning. Yesterday’s BNZ PMI showed NZ’s manufacturing sector started 2014 on a healthy note. January’s reading of 56.2 is well above 50,