Market News Headlines

Chart in focus: AUD/NZD. Pivotal moment for AUD/NZD

NZD to --- Chart.

Get latest market information about AUD/NZD pair including AUD NZD Live Rate, News, Australian Dollar and New Zealand Dollar Forecast and Analysis. About your Demo Account. NZD - New Zealand Dollar. Our currency rankings show that the most popular New Zealand Dollar exchange rate is the USD to NZD rate. The currency code for Dollars is NZD, and the currency symbol is $.

Live and Historical AUD/NZD Rates

AUD/NZD The trade war rhetoric between the US and China had been weighing on the AUD yesterday. Chart in focus: AUD/NZD. Pivotal moment for AUD/NZD is the premier forex.

See here for comment from RBC. Not a great currency for a long position, but the NZD is in a worse condition. The last time Governor Orr spoke , on May the 10th, he was dovish and put the bank as being neutral as to whether they cut or raise rates. He said it could go either way. The data since then has not been fantastic for the kiwi.

PMI has expanded at a slower rate than the previous two or three readings. The upside has been an increase in the commodity price index. Will Governor Orr cut rates? He might start leaning to a more dovish stance. At present , it is hard to see otherwise. Ok, he could put a brave face on it, but I don't think he will.

So, here is our pair to consider trading. Technically we have two places to define risk with. Targets and closure of positions may be subject to alteration throughout the course of the trade.

Chart and candlestick patterns formed: In this process, the minor trend has been spiking through rising channel pattern. As bull-swings move non-directional refer daily plotting , both momentum and trend indicators have also been indecisive.

Stochastic 89,5,3 is also approaching support and we might see a A strong breakdown will invalidate the trade. Trade with care and remember to risk what you can afford to lose. The measurements for a valid bat pattern are detailed below. Once the final 0. On the coming week what is see is that Audnzd is gonna shoot long until 1. It is forming lower degree correction watch that correction breakout and sell that for downside. Add more on this pair during the RBNZ rate decision on bearish rallies.

Good Luck Please support the setup with your likes, comments and by following on TradingView thanks. I will wait target. Show More Ideas 1 2 3 4 5

Trading Strategies Headlines

The measurements for a valid bat pattern are detailed below. More information about cookies.

Closed On:

If you continue to use the website, we assume that you agree to the use of cookies.

Copyright © 2015

Powered By