13 Sep 2013
AUD/NZD comes with divergence; marginally bid
FXstreet.com (London) - AUD/NZD has attracted bids sub 1.1340 towards the 1.1400 handle, reaching a high of 1.1396 where the pair aims to test the figure and recouping some losses after yesterdays tumble from 1.1540 territory.
Research teams at TD Securities noted that an RBNZ message was overall more hawkish and (despite still saying its currency remains ‘high’) has made the NZD the top performing G10 currency overnight.. “…a weaker Australian employment report has made the AUD the worst performer”. They said, for the AUD, the broader rebound that has built since the beginning of September has not been altered, however, and in the coming weeks there still looks to be room to test new cycle highs closer to 0.95/96. The pair now awaits Business PMI and ANZ Business Confidence in New Zealand coming up.
AUD/NZD remains in negative territory
AUD/NZD RSI (14) prints 37.52 while supports are coming in at 1.1340, 1.1360 and 1.1380 ahead of the psychological 1.1400 handle for a target of 1.1480. The pair remains in negative territory while in consolidation mode here with EMA 20 at 1.1393 on the hourly chart opening up EMA5 at 1.1376.
Research teams at TD Securities noted that an RBNZ message was overall more hawkish and (despite still saying its currency remains ‘high’) has made the NZD the top performing G10 currency overnight.. “…a weaker Australian employment report has made the AUD the worst performer”. They said, for the AUD, the broader rebound that has built since the beginning of September has not been altered, however, and in the coming weeks there still looks to be room to test new cycle highs closer to 0.95/96. The pair now awaits Business PMI and ANZ Business Confidence in New Zealand coming up.
AUD/NZD remains in negative territory
AUD/NZD RSI (14) prints 37.52 while supports are coming in at 1.1340, 1.1360 and 1.1380 ahead of the psychological 1.1400 handle for a target of 1.1480. The pair remains in negative territory while in consolidation mode here with EMA 20 at 1.1393 on the hourly chart opening up EMA5 at 1.1376.