Tag Archives: AUD/NZD
Daily FX Wrap and Strategy
The NZD has been the strongest performing currency over the past 24 hours. The NZD/USD has rocketed around a cent higher to 0.7910 while the NZD/JPY has soared from 77.60 to almost 79.00.
Asian Currencies Technicals
The rally towards the key $0.9315-43 resistance region continues with the AUD/USD pausing ahead of the Ichimoku cloud base yesterday and Aug 19 high.
US Morning Update
Major Overnight Headlines • UK services PMI at 60.5; Euro Area Composite PMI falls to 51.5 from 51.7 at final pass in August
The Global Macro Pulse
EM equities fell and currencies weakened as concerns over Syria overshadowed strong US ISM overnight.
Daily FX Wrap and Strategy
The NZD was basically side-lined overnight. From above 0.7830, the NZD/USD dribbled back below 0.7800 as markets suffered another case of butterflies and
Asian Currencies Technicals
The close above the 21-DMA for the aussie sees focus shift to Aug 19s high with the Ichimoku cloud base noted below.
NZD/AUD: Staying Long
● The interest rate outlook has become even more important in driving NZD/AUD. The correlation with interest rate differentials is currently 97%.
Daily FX Wrap and Strategy
The recovery in all things NZD continued overnight, fuelled by encouraging global data and retreating oil prices. In fact, the NZD was the strongest performing G10 currency,
Asian Currencies Technicals
Despite briefly popping above the $0.8997 initial resistance level yesterday the AUD/USD failed to hold above and also failed to test the 21-DMA before dipping a little.
At a glance: Playing it safe
EUR/USD hourly – Below 1.3259/64, the market remains in negative territory ● Given last week’s break below 1.3264 (minor 76.4 %) and
Weekly Forex & Interest Rate Outlook
NZD/USD Outlook: Down this week NZD/USD remains hostage to the fortunes of the US dollar. NZD/USD remains poised to test the bottom of a two-month range at 0.7685.
Australian Markets Weekly
AUD Range 0.92-0.88, break risk ● The AUD was stable over the month. But within a 4% range. Moves were driven primarily by external factors