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.



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

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
Australian Dollar Cross Pick 06.12.2012

Australian Dollar Cross Pick 06.12.2012

David Song, Strategist

The short AUDNZD trade from 1.3000 and 1.2902 are well in-the-money as the pair slipped to a fresh monthly low of 1.2771, and we will maintain our position throughout the Reserve Bank of New Zealand’s interest rate decision as the central bank is widely expected to keep the benchmark interest rate at 2.50% in June. Indeed, we’re waiting to add to our short position as the aussie-kiwi bounces off of the 50-Day SMA (1.2771), and we will maintain our bearish forecast for the pair as the relative strength index preserve the downward trend carried over from May.

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