AUDNZD Looks To Trade Higher

AUDNZD Looks To Trade Higher Key Highlights             Australian Dollar enjoyed decent gains against the New Zealand Dollar, and it looks set for a break higher. There is a minor bearish trend line formed on the hourly chart of AUDNZD, which is acting as a resistance. A break above the trend line resistance may take the pair towards the 1.0750 area. Au...
Read More

AUDNZD – AUD May Break Down Against NZD

AUDNZD – AUD May Break Down Against NZD Key Highlights             The Aussie Dollar is enjoying decent gains against the New Zealand Dollar, but it may break an important support area to trade lower. There is an interesting looking triangle pattern formed on the hourly chart, which looks set for a break in the near term. Australian Wage Price Index rele...
Read More

AUDNZD – Can Aussie Dollar Recover?

Key Highlights Aussie Dollar continued to suffer losses not only against the US Dollar, but also against others like the Kiwi Dollar. AUDNZD looks like set for move lower may be towards the 1.0500 support area. Australian Private Sector Credit released by the Reserve Bank of Australia posted an increase of 0.8% in September 2015, which was more than the forecast of 0.5%...
Read More

AUDNZD – Next Leg Lower Underway?

Key Highlights Aussie Dollar looks like struggling against the New Zealand Dollar, and might continue to trade lower. 0970 holds the key for more losses, as a break below it might call for more downsides. Australian Building Permits released by the Australian Bureau of Statistics declined by 6.9% in August 2015, compared with the forecast of a 2% decline. AUDNZD Tech...
Read More

AUDNZD Targets Fresh Lows

Key Highlights New Zealand Dollar gained traction recently against the Aussie Dollar, and looks set for more gains. AUDNZD pair is trading around the key support area, which if broken might ignite healthy losses. Australian HIA/AiG Performance of Construction Index released by the Australian Industry Group and the Housing Industry Association increased from 47.0 to 47.8...
Read More

AUDNZD Rebounds after Dipping Towards 100 MA

Key Highlights Aussie Dollar weakened against the New Zealand Dollar, but gained bids around the 100 MA (4H). There is a major resistance forming around 1.0750 where sellers are likely to appear. New Zealand Trade Balance released by the Statistics New Zealand posted a trade surplus of $123M, compared with the forecast of $100M in April 2015. AUDNZD – Technical Ana...
Read More

AUDNZD Likely To Weaken as Sellers Step In

Key Highlights Aussie dollar is following a nice bearish trend against the New Zealand dollar and likely to weaken further. The meeting minutes of the Reserve Bank of Australia will be released in the upcoming Asian session, which might cause moves in AUDNZD. AUDNZD has a major support at 1.0085 and resistance ahead at 1.0120. Technical Analysis The Aussie dollar ...
Read More