- AUD/NZD bears extend slump for 3rd consecutive week, eye 50-DMA support at 1.0856.
- Kiwi ignores sharp drop seen in the NZ credit card spending data regains bid tone after latest poll.
- The latest opinion poll released by Newshub Reid, showed that the ruling National Party regained lead over the opposition Labour Party in New Zealand’s nation election poll.
- Aussie depressed further after Governor Phillip Lowe suggested that the RBA could be far from considering any monetary policy tightening.
- AUD/NZD down 0.46% on the day, hovers just above major 50-DMA support at 1.0856.
- Techs are biased lower, break below 50-DMA will see further drag, scope then for test of 100-DMA at 1.07.
- On the flipside, we see major resistance at 1.1155 (major trendline), only decisive break above 1.1155 (trendline) could see further upside.
Call update: Our previous call (http://www.econotimes.com/FxWirePro-AUD-NZD-recovery-capped-below-5-DMA-at-110-bias-bearish-906263) has hit TP1.
Recommendation: Book partial profits at lows, watch out for break below 50-DMA for further downside.
FxWirePro Currency Strength Index: FxWirePro's Hourly AUD Spot Index was at -31.2479 (Neutral), while Hourly NZD Spot Index was at 120.364 (Bullish) at 0840 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900
FxWirePro: EUR/NZD advances as kiwi weakness after RBNZ's Breman comments
FxWirePro: GBP/AUD consolidates around 2.0145, maintains bullish bias
FxWirePro- Woodies Pivot(Major)
EUR/JPY Bearish Outlook Persists: Ifo Weakness Caps Upside, Sell Rallies Targeting 180 Below 183 Resistance
FxWirePro: USD/JPY dips as yen strengthens ahead of BOJ policy meeting
FxWirePro: AUD/USD runs out of steam but maintains bullish outlook
Yen Power Play: AUDJPY Crumbles Below 103.70 Resistance
FxWirePro: EUR/CAD gaining momentum for a move towards 1.6250 level
FxWirePro: NZD/USD downside pressure builds, key support level in focus
FxWirePro: GBP/NZD remains bullish as rally continues
FxWirePro: AUD/USD uptrend loses steam, remains on bullish path
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower
Yen Surge Dims NZDJPY Shine: Bearish Trend Holds Below 91 Resistance
FxWirePro: GBP/NZD firms as RBNZ pushes back on rate hike prospects
AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100
FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption 



