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AUD/NZD heavy into next week

Off 35pts in Asia on sturdy NZ business confidence Swaps price an RBA cut next week at 54% Momentum studies crest, 5, 10 & 20 dma's move south - negative setup 1.0299 Feb all time low looks weak - earlier 1.0358 high res…

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AUD/NZD heavy into next week
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  • Off 35pts in Asia on sturdy NZ business confidence

  • Swaps price an RBA cut next week at 54%

  • Momentum studies crest, 5, 10 & 20 dma's move south - negative setup

  • 1.0299 Feb all time low looks weak - earlier 1.0358 high resistance

 

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Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560