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AUD/NZD moves towards a 2015 low

Off 12pts in Asia, as AUD tracks USD higher, NZD lags behind Speculation of RBA rate cut extends - swaps price at 56% from 48% Momentum studies crest, 5, 10 & 20 dma's head south - negative setup Parity possible in longe…

By Meredith J C Warren
1 min read
AUD/NZD moves towards a 2015 low
Image from the original EconoTimes article
  • Off 12pts in Asia, as AUD tracks USD higher, NZD lags behind

  • Speculation of RBA rate cut extends - swaps price at 56% from 48%

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

  • Parity possible in longer term

  • Asian initial support/resistance is 1.0315/1.0335

 

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By FxWirePro Team