Tag Archives: AUD/NZD
Asian Currencies Technicals
AUD/USD: The $0.9111 level that capped late in NY on Tuesday and in Asian trading Wednesday is now seen as pivotal hourly support.
Daily FX Wrap and Strategy
A broad strengthening in the USD shaved around ½ cent off the NZD/USD overnight. Still, at around 0.7960, it remains firmly within the bounds of its recent trading range.
Asian Currencies Technicals
AUD/USD: The close below Monday’s low sees the continuation of the recovery off the 2013 lows in doubt with immediate focus having shifted to a test of the $0.8970 Aug 8 low.
Weekly Forex & Interest Rate Outlook
NZD/USD remains in consolidation mode, the most likely catalyst for a break outside the 0.7685-0.8135 range being the Fed’s decision on tapering.
Daily FX Wrap and Strategy
Over the past 24-hours the NZD/USD has traded between 0.8000 and 0.8050, sitting at the lower-end of this range at present.
Asian Currencies Technicals
AUD/USD managed marginal fresh highs to start the new week before dipping back towards the 21-DMA.
Domestic Demand Arising
Domestic demand is picking up and we expect it to accelerate ahead. More investment is a cornerstone, as capital expansion broadens beyond the Christchurch rebuild.
Australian Markets Weekly
We last revised our AUD forecasts in June, lowering our end-2013 estimate for the AUD/USD rate to 0.88 and to 0.83 for end 2014.
Keep calm and carry on
There are still many unknowns around the Fonterra whey product contamination scare,
Daily FX Wrap and Strategy
In fairly quiet Friday evening markets, the NZD/USD followed the AUD/USD higher, to end the week at 0.8040.
Asian Currencies Technicals
AUD/USD continued its move higher that is targeting the $0.9315-43 resistance region that capped in late June and July.
Approaching a ‘Cross’ Roads
Recent NZD/USD price action has done little to change our view (propounded most recently. Last week’s Fonterra botulism scare continues to occupy the attention of the nation’s media.