|Day's Range||1.09 - 1.089|
|52 Week Range||1.0748 - 1.0886|
Even if an immediate ascending trend-line continue favoring the GBPNZD’s upside, month-long downward slanting TL, at 1.9075, could confine the pair’s immediate advances. Should the pair manage to surpass the 1.9075 barrier, it can rise to 1.9160 and then to the 1.9240; however, the 1.9260-65 horizontal-region could restrict the quote’s following north-run. In case if the prices rally beyond 1.9265, chances of witnessing 1.9350 and the 1.9415 on the chart can’t be denied. On the downside, the aforementioned TL support of 1.8970 and the 1. ...
The Australian dollar surprisingly jumped after yesterday’s rate hike from the US Federal Reserve and even held steady against the following monetary statement which raises the question, is there still genuine interest in the Aussie battler.
Hawkish RBA lifts the AUD and creates a nice trading opportunity on the AUDUSD. First of all, we do have a bounce from the up trendline. Next are the correction equality pattern and the iH&S formation. What is more, the price came back above the 38,2% Fibonacci and used that as the closest support. All that is very positive for the AUDUSD in the mid-term.
Past few months for the NZDUSD were pretty rough. Since the tops in July, the price declined almost 800 pips and in the middle of November made the new yearly lows. Since that, we are slowly recovering and actually, we can see a light in the tunnel. Luckily it will not be a train and the buyers will not get smashed again.NZDUSD Daily
NZD/USD Having registered pullback moves from the May-month low, the NZDUSD couldn’t clear the 0.6930 horizontal-line and is again declining towards 0.6880 immediate support. Given the pair drops below 0.6880, the 0.6840 may offer an intermediate halt before reigniting the importance of 0.6815-20 region comprising recent low, which was also tested in May 2017. If … Continue reading Technical Outlook Of NZD/USD, EUR/NZD, NZD/JPY & AUD/NZD: 02.11.2017
The Australian dollar finished the previous week off strongly against its US counterpart sitting at a 2 year high US8055c, which is making the RBA sit up and take notice, and if the currency goes much higher they may have no choice but to act. In their latest interest rate decision on Tuesday, the RBA … Continue reading Australian Dollar Needs RBA’s Help
The New Zealand and Australian Dollars are trading lower shortly before the U.S. opening. The early trade has been volatile and two-sided. Influencing the trade has been the tensions between the United States and North Korean, and the Reserve Bank of New Zealand’s interest rate and monetary policy decisions. The latest developments show that North … Continue reading AUD/USD and NZD/USD Fundamental Daily Forecast – RBNZ Dovish, but Hints Currency May Be Overvalued
The Australian dollar continued to rise today following yesterday’s surge. The poor macroeconomic data released over the current session did not bother the currency much. Yesterday’s rally was caused by the policy minutes of the Reserve Bank of Australia, which market participants considered hawkish. The notes showed that Australian policy makers targeted 3.5% as the neutral level for the key interest rate, and that is far above the current 1.5%. As for today’s data, the leading index … Continue reading Australian Dollar Rallies Undisturbed by Poor Data
The Australian Dollar was a big winner on Tuesday, surging to its highest level in more than two years on the back of an upbeat assessment of the economy from the Reserve Bank of Australia. The AUD/USD was strong enough to settle at .7916, up 0.0119 or +1.53%. The RBA helped initially spark the rally … Continue reading AUD/USD and NZD/USD Fundamental Daily Forecast – Aussie Momentum May Be Slowing Ahead of Jobs Data
The Australian and New Zealand Dollars finished higher on Wednesday, helped by dovish remarks from U.S. Federal Reserve Chair Janet Yellen. Her comments before the U.S. Senate Banking Committee signaled the Fed was neither in a rush to raise interest rates nor interested in taking them very high. The AUD/USD settled the session at .7676, … Continue reading AUD/USD and NZD/USD Fundamental Daily Forecast – Interest Rate Differential Supporting Australian Dollar
The AUD/NZD went exactly as planned rejecting from the POC zone. Our previous AUD/NZD analysis showed a strong support which was respected and the pair proceeds with uptrend. The pair is above W H3 and D H5 which suggests strong uptrend. If we see a retracement, pay attention to POC 1.0465-85 (50.0, ATR pivot, W H3, D … Continue reading AUD/NZD Proceeds With Uptrend As Expected
As markets reacted negatively to the RBA statement this month, the AUD may be experiencing temporary weakness. Data on the AIG Manufacturing Index and commodity prices was positive to the AUD earlier this week, whilst there is a lack of data this week on the NZD, which may limit its strength. At this point the … Continue reading AUD/NZD Golden Ratio Supports The Pair
South Korea BOK Manufacturing BSI index came in at 81 in July compared to the previous fix of 82. Yen took some serious fall with most of its releases coming in short today. The Japan Retail Trade (YoY) registered at 2%, below the estimated value of 2.6% Japan Retail Trade s.a (MoM) came in at … Continue reading Morning Market Updates – Kiwi Gains Strength
AUD/USD Even if a week-long ascending trend-line portrays AUDUSD’s strength, the pair repeatedly fails to clear downward slanting trend-line, at 0.7615 now, which in-turn indicates brighter chances for the pair’s pullback to 0.7560 on the break of 0.7585 TL support. During the pair’s extended downside below 0.7560, the 0.7535 may offer intermediate stop before reigniting … Continue reading Important AUD Pair’s Technical Overview: 28.06.2017
Today we witnessed a slowing growth in the NZ Trade Balance, which fell below forecasts. It has followed a string of positive data from NZ, but as we saw last week, in my opinion. there was a slightly dovish stance from the RBNZ. Despite this, the NZD has made gains against the AUD for the … Continue reading AUD/NZD is Supported at 1.0360
South Korea’s Consumer Sentiment Index came in at 111.1 in June versus a previous value of 108. New Zealand saw a mixed reaction with the New Zealand Trade Balance (YoY) registering at $-3.75B and going below expectations with a value of $-3.398B and New Zealand Exports coming in at $4.95B and going above expectations with … Continue reading Morning Market Update – Kiwi Dollar Shows a Small Change