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.

Free Trading Guides
EUR/USD
Bullish
Oil - US Crude
Bearish
Wall Street
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Bearish
GBP/USD
Bullish
USD/JPY
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • I think we all do this on some level. Care to assist me in a similar campaign @tracyalloway? https://t.co/yS4jrJ2B8x
  • Tune in to @IlyaSpivak 's #webinar at 10:00 PM ET/2:00 AM GMT for insight on the cross market weekly outlook. Register here: https://t.co/E213bTtq5C https://t.co/D5T3ErQYi5
  • Japanese Economy Minister Nishimura says a state of emergency is no longer needed in nay region of the country - BBG #Coronavirus #JPY
  • $gld prices may face heightened liquidation pressure as US-China tensions over Hong Kong heat up ahead of US GDP data amid the coronavirus pandemic. Get your $XAUUSD market update from @ZabelinDimitri here: https://t.co/vmoJXC2KSm https://t.co/dNGB1d0T9C
  • Slightly risk-on start to the beginning of the week. #AUD up with APAC stocks and #SPX index futures, anti-risk #JPY and #USD broadly lower https://t.co/P07MrhWHPe
  • Market snapshot: US equity futures pointing higher while FX markets remain mixed
  • (Asia AM) The #SP500 shrugged off risk aversion to end last week higher, but upside momentum seems to be fading. US markets are offline today, raising the risk of volatility - https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/asia_am_briefing/2020/05/24/SP-500-Struggling-at-Resistance-Volatility-Risk-Ahead-Elevated.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/RJXBa0tyS5
  • LIVE NOW: In this session, Strategist @DavidJSong will discuss trading strategies for the top event risk in the week ahead https://www.dailyfx.com/webinars/175202251
  • LIVE IN 30 MIN: In this session, Strategist @DavidJSong will discuss trading strategies for the top event risk in the week ahead https://www.dailyfx.com/webinars/175202251
  • The possibility of a Covid-19 cure by year end keeps market sentiment high despite ongoing political tensions. Get your $USDMXN market update from @HathornSabin here: https://t.co/6DIf6krA3E https://t.co/IxeRbjHpQm
Waiting to Sell AUDNZD Rallies

Waiting to Sell AUDNZD Rallies

2013-02-20 14:20:00
David Song, Strategist
Share:

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.

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

DISCLOSURES

News & Analysis at your fingertips.