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NZD/USD hits 0.7695 on broad USD strength ahead of European session

Market caught wrong-footed by AUD after CPI on what were as expected results AUD/USD up 0.85% with NZD/USD lagging (courtesy AUD/NZD) up 0.35% Extreme bearish AUD positioning - market still short AUD but rallies short li…

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  • Market caught wrong-footed by AUD after CPI on what were as expected results

  • AUD/USD up 0.85% with NZD/USD lagging (courtesy AUD/NZD) up 0.35%

  • Extreme bearish AUD positioning - market still short AUD but rallies short lived 

 

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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