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NZD/USD a victim of AUD's downfall but AUD/NZD eyes parity once more

Pair opens Tuesday at 0.7663 and trades 0.7635-65 range in Asia Pair trades in consideration with soft AUD; last 0.7642 RBA Stevens speech/RBA minutes no real surprise but AUD sellers rule Next key event AUS CPI tomorrow…

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  • Pair opens Tuesday at 0.7663 and trades 0.7635-65 range in Asia

  • Pair trades in consideration with soft AUD; last 0.7642

  • RBA Stevens speech/RBA minutes no real surprise but AUD sellers rule

  • Next key event AUS CPI tomorrow which should follow NZ's weak lead from Monday

  • Support at 0.7619, 38.2 Fibonacci of last week's rally 

 

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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