Tag Archives: NZD/USD
Asian Currencies Technicals
After having again failed to take out the key $0.9085 resistance level earlier this week the AUD/USD headed lower with the pair dipping below both the 21-DMA ($0.8960) and
Daily FX Wrap and Strategy
The NZD was far and away the strongest performing majorcurrency against the USD over Thursday, up 0.8% to0.8380.The NZD got an early boost from news that Fonterra liftedits milk price forecast by 35 cents to
FX Daily Majors
Today’s highlights: AUDUSD again rejects key resistance at .9078/87, but below .8907 is needed for a top.
All together now
Repeat after me: 10-year rates will rise and the dollar will advance in 2014. That seems to be the near unanimous chorus from Bloomberg analysts judging by the forecasts on FXFC <GO> and ECFC <GO>, respectively.
The Global Macro Pulse
NZD started the day rallying to 0.83 as a stream of positive data and news hit markets. A weak capex survey, on the other hand, pushed AUD down to 0.892 although it has since retraced to 0.894.
Asian Currencies Technicals
After having again failed to take out the key $0.9085 resistance level the AUD/USD has headed lower once more with the 21 and 55-DMA’s in the sights.
Daily FX Wrap and Strategy
The NZD is weaker this morning, following positive US data released overnight. In the wake of that release, the NZD/USD fell by 0.6% and currently sits at 0.8290.
Asian Currencies Technicals
AUD/USD bounced from just short of the 21 and 55-DMA’s to start the new week after dipping into the $0.8910-53 support region. The $0.9085 resistance level remains key resistance this week with
Daily FX Wrap and Strategy
The NZD traded in a very tight range overnight, and isessentially unchanged from yesterday morning’s level of0.8340.The NZD/USD has held onto the gains it made as itfollowed the AUD/USD higher on Monday.
FX Daily Majors
Today’s highlights: AUDUSD spotlight remains on key resistance at .9078/87, above which remains needed to see a better base.
Corporate Positioning: Bracing For The Next Big Move
Exporters have significantly shortened their protection against a higher NZD. Our aggregate Exporter Hedging Index (EHI) shows that exporters have run down forward cover to 5.5 months,
Asian Currencies Technicals
AUD/USD has bounced from just short of the 21 and 55-DMA’s to start the new week after dipping into the $0.8910-53 support region. The $0.9085 resistance level remains key resistance this week with a close above needed to