NZD SoarsThe New Zealand Dollar has broken out to its highest levels since April 2018 this week. Benefitting from the broad recovery in risk appetite over recent months, NZD was boosted further this...
Surprise Fall in New Zealand Unemployment Rate
Unemployment Rate Beats ForecastsIn a data release which has bucked the trend seen across the G10 recently, as well as confounding the New Zealand government’s own forecasts, the unemployment rate...
Key Factors to Watch in AUD Crosses
We’ve had some important developments in the fundamental backdrop for AUD recently that are worth discussing. These developments are particularly evident in the price action of AUDNZD and AUDJPY.Rate...
AUDNZD potential reversal!
AUDNZD expected to rise up to 1st resistance at 1.04550 where it could potentially react off and drop down to 1st support at 1.03698.Trading CFDs on margin carries high risk.Losses can exceed the...
AUDNZD bounced from support, potential for a further rise!
AUDNZD bounced off its support at 1.04792 where it could potentially rise further to 1.05299.Trading CFDs on margin carries high risk.Losses can exceed the initial investment so please ensure you...
Summary
We are seeing a nice setup on NZDCAD and NZDJPY as it is approaching resistance where we are expecting a drop below this level. AUDNZD dropped perfectly from our first resistance to hit our major...
AUDNZD approaching resistance, potential drop!
AUDNZD is approaching our first resistance at 1.0370 (horizontal pullback resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur...
AUDNZD approaching resistance, potential drop!
AUDNZD is approaching our first resistance at 1.0678 (horizontal overlap resistance, 50% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur pushing...
AUDNZD approaching resistance, potential drop!
AUDNZD is approaching our first resistance at 1.0678 (horizontal overlap resistance , 50% fibonacci retracement, 100% fibonacci extension) and a strong drop might occur below...
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