News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
Real Time News
  • It’s important for traders to be familiar with FX spreads as they are the primary cost of trading currencies. Understand a pair's spread here: https://t.co/zEEUHZjVIG https://t.co/qmPQdsjX7b
  • OECD Chief Economist Boone says we think Chinese fiscal and monetary authorities have the capacity to buffer the shock from Evergrande (3333 HK)
  • Ethereum (ETH/USD) - Heavily oversold CCI - see prior CCI/price re-action - and a bullish hammer candle forming - will need confirmation. #Ethereum #eth #candlesticks @DailyFXTeam https://t.co/rfTZE76Dm3
  • The Federal Reserve System (the Fed) was founded in 1913 by the United States Congress. The Fed’s actions and policies have a major impact on currency value, affecting many trades involving the US Dollar. Learn more about the Fed here: https://t.co/ADSC4sr63f https://t.co/erYA8KfqEo
  • Coming up at half past. Please join me if you can. I'll be looking at the charts of all the major markets, checking out the confidence reports on the calendar this week and the IG client sentiment data https://t.co/fMUUMsgwGr
  • OPEC+ compliance with oil cuts rises to 116% in August - two sources #OOTT
  • Join @MartinSEssex at 5:30 EST/9:30 GMT for a webinar on trading sentiment. Register here: https://t.co/CX9djlpMya https://t.co/mgkbDgiM0Y
  • 🇸🇪 Riksbank Rate Decision Actual: 0% Expected: 0% Previous: 0% https://www.dailyfx.com/economic-calendar#2021-09-21
  • 🇮🇩 Interest Rate Decision Actual: 3.5% Expected: 3.5% Previous: 3.5% https://www.dailyfx.com/economic-calendar#2021-09-21
  • Heads Up:🇮🇩 Interest Rate Decision due at 07:30 GMT (15min) Actual: 3.5% Expected: 3.5% Previous: 3.5% https://www.dailyfx.com/economic-calendar#2021-09-21
Australian Dollar Cross Pick 04.11.2012

Australian Dollar Cross Pick 04.11.2012

David Song, Strategist

Indeed, the rally to 1.2599 appears to have been a false break as the AUDNZD failed to close above the 10-Day SMA (1.2606), and we may see the pair give back the advance from earlier this week as the downward trending channel continues to take shape. As the relative strength index teeters around oversold territory, a move back below 30 could ultimately spur a fresh yearly low in the exchange rate, and we will maintain our bearish call for the AUDNZD as the fundamental outlook for Australia deteriorates. As the recent developments coming out of the $1T economy falls short of market expectations, a dismal employment report could trigger a sharp selloff in the Australian dollar, and the aussie should continue to track lower in 2012 as market participants see the Reserve Bank of Australia taking additional steps to stem the downside risks for the region.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES