AUD/NZD increased as much as 1.0947 level after breaking out from a minor continuation pattern. The bias is bullish as the pair failed to confirm a corrective phase in the short term. The pair consolidated after the last upside momentum and now it seems determined to resume the swing higher. Technically, we cannot exclude a […]
The AN has rallied 4.11% (428 pips) from low to high since the move started back in December 2020. It has now fallen 1.50% or 165 pips to retest a previous key zone trading inside of a very structured move. Price has now made a higher high and higher low on the hourly breaking with […]
The AUD/NZD traded on a sideways momentum in the mid-European session, amid renewed market risk appetite. This year, the Aussie and the Kiwi are expected to perform positively, as they would be bolstered by several factors, mostly hinging on the Coronavirus. Both Australia and New Zealand have shown efficiency in nipping the spread of the […]
The reserve banks of Australia (RBA) and New Zealand (RBNZ) have both published slightly pessimistic outlooks for 2021, which in turn, would affect the Aussie and Kiwi. The AUD/NZD, which represents the value of the Australian dollar in terms of the Kiwi, is rounding off the year higher than it began amid plummeting global equity […]
The AUD/NZD maintained a bullish momentum through the trading session on Monday, amid a risk-off market mood. The declining risk mood seen at the start of the week has put the Aussie and the Kiwi on a backfoot against other major currencies. The risk sentiment got triggered by fears over the newly-found strain of the […]
The AUD/NZD traded on a sideways momentum through the early trading hours on Monday, as it struggled to break the 1.0650 resistance. At press time, the forex pair is trading at 1.0649, up by 0.07% on the day. Job advertisements in Australia rallied for the seventh consecutive time in November, as the country’s second-most populous […]
The AUD/NZD traded on a slightly bearish tone in the early European session on Monday, as it retreated from last week’s bull run. Earlier today, China published its Trade Balance for November, which beat market expectations of $53.5 billion and came in at $75.4 billion. Also, the country reported that its Exports rose by 21% […]
The AUD/NZD traded on negative bias in the early European hours on Monday, with both currencies struggling for dominance as they both have favorable factors surrounding them. Commodities continue to bolster the Aussie, with the daily measure of Australia’s commodity export nearing a 7-year high, as iron ore trades above $125 per tonne. November was […]
The AUD/NZD traded on positive in the early European session, following the release of positive data from Australia on Friday. The Commonwealth Bank of Australia’s (CBA) released better-than-expected preliminary Manufacturing PMI readings for November. As a result, the Composite PMI saw a decent boost as well. Also, the ASX 200 extended additional support to the […]
