|Day's range||1.094 - 1.097|
|52-week range||1.0748 - 1.0974|
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
EURUSD instead of creating the Head and Shoulder pattern is rather aiming for the bullish flag formation. We are very close to creating a buy signal there. All is needed at this point is the breakout of the 1.184 resistance. Political uncertainty and better data from Australia helped the AUDNZD to surge higher. We broke … Continue reading Bullish Power on the EURUSD, AUDNZD and AUDUSD