Technical Trade Set Ups AUDCAD, AUDNZD & Wheat |
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AUD/NZD sees range extension above 1.0950 on solid NZ Trade Balance data
AUD/NZD is expected to extend recovery above 1.0950 despite firmer NZ Trade Balance data. A higher NZ labor cost index will escalate inflation projections further. Weaker Australian monthly Retail Sales might ease some troubles for the RBA. The AUD/NZD pair has displayed a sharp recovery move after a gap down open to near 1.0926 in […]
Sticky Australian inflation data may add steam to the rally – ING
AUD/USD broke decisively above 0.7000 yesterday. Australian Consumer Price Index data for the fourth quarter could fuel the rally if figures come out sticky, economists at ING. AUD/NZD may retest the recent 1.0950 highs soon “Tonight’s fourth-quarter CPI data in Australia will be key, as evidence of sticky inflation may force a hawkish repricing across […]
AUDUSD, AUDJPY and AUDNZD Outlook Present Very Different Pictures
AUDUSD, AUDJPY and AUDNZD Talking Points: The Market Perspective: AUDUSD Range Below 0.6880 and Bearish Below 0.6650; AUDJPY Range 91 to 88 The Australian Dollar has maintained a relatively light economic docket, which makes it exposed to more active counterparts Technically, AUDUSD has traded head-and-shoulders patterns within a short period, AUDJPY has a drawn out […]