Tag Archives: NZD/USD

Aussie Currencies Technicals

AUD/USD managed a spike above the 21-DMA Tuesday before closing marginally below.

Today’s highlights: USDCAD has found renewed buying at support at 1.0612/00, and we continue to look for a base here.

G10 FX was mixed, with AUD rising to 0.938 on improvement in NAB business survey, while CAD continued to weaken by another 0.2%.

The NZD shrugged off an early-week bout of selling to sit at0.8760 against the USD this morning, up 0.2% for the day.

The 55-DMA has supported to start the new week with the AUD/USD bouncing back towards the $0.9384-99 region as a result.

Today’s highlights: EURUSD stays bearish for 1.3513/03, and ideally key support at 1.3487/77. Below here can confirm the expected large bear “wedge”.

NZD/USD Outlook: Up this week NZD/USD’s positive momentum remains strong and a break above 0.8800 is on the cards during the week ahead.

The Reserve Bank’s June Monetary Policy Statement was predicated on the economy starting to slow over the second half of this year.

There was a notably widespread downturn across therange of activity indicators for the New Zealand economy inApril,

The NZD was among the worst performers on Friday, albeitin an evening where major currencies were little changed.

Wednesday’s correction lower from ahead of fresh 2014 highs gathered momentum Thursday before finding support just above the 55-DMA to end the week.

Today’s highlights: EURGBP should be allowed to hold .7913 at first, ahead of a move to our core medium-term target at .7800.