Tag Archives: AUD/NZD
Daily FX Wrap & Strategy
The NZD/USD spent most of last week bouncing around in a sideways 0.8460-0.8580 range as global risk sentiment ebbed and flowed.
Currency Research
– The NZD/AUD has come a long way and is almost ‘expensive’ on a fundamental fair-value basis. This raises the risk of a pause or backup in the uptrend,
Morning Report
The US dollar index rose by 0.9%. EUR fell from 1.3218 to 1.3037 post-ECB. USD/JPY rose from 97.20 to 98.40 in tandem.
FX Technical Volume Strategy: AUD/NZD activity rises on down break
– CHF topped the G10 ranking table as investors increased selling activity of the Swiss currency. – AUD/NZD broke range lows on high volume, signalling that investor expectation for further AUD underperformance has returned.
FX Technical Volume Strategy: AUD/NZD volume with the bears
– The bearish move (since March) in AUD/NZD saw an uptick in volume, similar to declines seen over the past year, ultimately warning of a larger bearish backdrop.
Waiting, Weighting
Foreshortened by the Good Friday holiday, the week ahead nonetheless has a number of useful New Zealand data items in store.
FX Daily Strategist: US
– Weaker US retail sales needed to dampen USD rally Markets continue to remain calm, largely ignoring the Fitch downgrade of Italy and unfavourable Chinese data releases (lower activity, higher inflation) over the weekend.
FX Trends daily (FOCUS : AUD/NZD)
AUD/NZD The cross has bounced yesterday after having stabilized above a support at 1.2306. It may test an important resistance zone at 1.2407/09 (retracement of 38% of the downtrend between November 2012 and February 2013 and short term bearish channel).
Technical Alert
Eventful day yesterday with SEK strength and GBP weakness (GBPSEK down to a 21year low). EURSEK exited the past months range breaking 8.50/51 (next down to 8.43 and then a corrective bounce),
Market Spotlight: AUDNZD completing a major top
AUDNZD has completed a large complex top after the removal of 1.2372/17 support. We envisage decline back to the 1.1853 61.8% retracement.
Technical Alert
Euro strength continued Friday however with a first sellers response ahead of the w/e. JPY continued to weaken and GBP (in terms of the BOE GBP index) continues to fall hard.
FX Trends daily (FOCUS: AUD/NZD)
AUD/NZD The cross has sharply bounced yesterday but failed to clear the key short term resistance at 1.2660. In this context, a resumption of the downtrend is likely,