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  • Heads Up:🇦🇺 Westpac Leading Index MoM (SEP) due at 00:00 GMT (15min) Previous: -0.3% https://www.dailyfx.com/economic-calendar#2021-10-20
  • Heads Up:🇯🇵 Balance of Trade (SEP) due at 23:50 GMT (15min) Expected: ¥-519.2B Previous: ¥-635.4B https://www.dailyfx.com/economic-calendar#2021-10-19
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  • The New Zealand Dollar made new highs against the Japanese Yen but remained in a range trading environment against the Swiss Franc. Will NZD/CHF make new highs? Find out here: https://t.co/ULGSBe2tex https://t.co/YOxSxTKtqy
  • Gold prices are under pressure after China growth slowed and New Zealand inflation surged, with investors pricing in more aggressive central bank policy outlooks, which is supporting bond yields.Get your market update from @FxWestwater here:https://t.co/9Jiy8IKqQv https://t.co/YEib0pnKjk
  • Energy has been on a tear, with crude oil having recently broke above a major long-term threshold. Right around 77 was big resistance from a decade ago. Get your market update from @PaulRobinsonFX here:https://t.co/H9vnIzWSa1 https://t.co/KUs252TdkY
  • RT @BrendanFaganFx: Nasdaq 100 Outlook: Tech Stocks Continue Higher as Netflix Posts Strong Q3 Results $QQQ $NFLX $NDX $NQ_F Link: https:…
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.94% 🇦🇺AUD: 0.85% 🇬🇧GBP: 0.45% 🇨🇦CAD: 0.11% 🇨🇭CHF: 0.10% 🇯🇵JPY: -0.05% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/JYVEZt8eqW
  • The Sterling breakout has is extended into uptrend resistance.. Get your market update from @MBForex here:https://t.co/UZuP6gAzi0 https://t.co/ytV4l5X3NG
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Silver: 2.08% Gold: 0.21% Oil - US Crude: -0.06% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/mdnmGVUqpQ
Waiting to Sell AUDNZD Rallies

Waiting to Sell AUDNZD Rallies

David Song, Strategist

Although comments from Reserve Bank of New Zealand Governor Graeme Wheeler propped up the AUDNZD, we are still looking to sell rallies in the exchange rate as the central bank continues to highlight the risk of an asset bubble. Indeed, Mr. Wheeler warned of overheating house prices and sees a need for higher savings amid the expansion in private sector credit, and we should see the RBNZ sound more hawkish going forward as the central bank sees the rebuilding efforts from the Christchurch earthquake producing a stronger recovery this year. As the relative strength index on the AUDNZD continues to come off of oversold territory, we should see the pair continue to push higher in the days ahead, and we will keep a close eye on the oscillator as it remains capped by the 57 figure.

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