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AUD/USD weighed by soft NZD and USD strength

AUD looked at 0.7757 19 Feb low as softer NZD/stronger USD weighed Quiet 0.7795/0.7805 lead to sell-off with Yellen as focus Locals slightly confused by antipodean pair's large reaction to 2nd tier NZ data Price action i…

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  • AUD looked at 0.7757 19 Feb low as softer NZD/stronger USD weighed

  • Quiet 0.7795/0.7805 lead to sell-off with Yellen as focus

  • Locals slightly confused by antipodean pair's large reaction to 2nd tier NZ data

  • Price action in end exposed market's preference to cut USD shorts pre-testimony

  • Relative AUD outperformance has cross returns near 1.0400 c+0.30% 

 

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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