As the AUD/NZD bounces back from a fresh monthly low of 1.2765, it looks as though we will see a short-term correction pan in the days ahead, but I will stay on the sidelines and will look for a higher price to sell the pair as it maintains the downward trending channel from earlier this year. I am waiting to sell the aussie-kiwi around the 38.2% Fibonacci retracement from the 2011 high to low around 1.2880-1.2900, and will look for fresh lows over the near-term as the pair looks poised to retrace the rebound from the previous year.
Australian Dollar Cross Pick 02.21.2012
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
EUR/USD Rebound in Focus as RSI Breaks Out of Bearish Formation
2020-02-27 03:35:00
EUR/USD Reverses Ahead of November Low Following Fed Meeting
2020-01-29 20:55:00
Historical EUR/USD Tendency Around Monthly Opening Range in Focus
2020-01-15 05:30:00
EUR/USD Rate Outlook Undermined by Fears of US-EU Trade War
2019-12-05 05:40:00
