AUD, NZD: Keep An Eye On Technicals - Morgan Stanley | Forex Factory

  • AUD, NZD: Keep An Eye On Technicals - Morgan Stanley

    From efxnews.com

    The soaring CRB RIND commodity index,up 2.3% this year, is an indication that there is still some real demand in commodity markets. However for FX watchers of AUD and NZD, it has been the USD side driving these pairs through key technical levels. AUDUSD broke out of the top end of a channel at 0.74 on Wednesday, providing further short-term support. NZDUSD is now approaching its 100DMA at 0.7147, which if broken could open the way towards 0.7400. Dairy prices are unchanged in the past week, further supporting the view that USD is driving the pair. We still see the NZD outperforming the AUD over the medium term but as ... (full story)

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Not-KPMG
Jan 14, 2017 11:09am
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Quoting michaellaw98
Hi which event once per year? may i know in advance?
Hi
I was referring to a monumental moment... Like when Glenn Stevens said 0.74 is too much, i want 0.65.
Here's nice target.

Otherwise, practically, only a big CPI or jobs report that is WAY OFF FORECAST.
Everything else is sad little manipulation.

I believe this week is full of events - Canada,aussie, pound.... Will practice my counter-manipulation skills.

Trade safe!!
Reply
Not-KPMG
Jan 14, 2017 9:09am
Permalink
Quoting wswi
did you aware last RBNZ rate cut was bullish for NZD?
I'll be honest - i don't trade pound, NZD, yen, next fake currency

I just don't like being cheated.

Seems impossible what u said though.... See my point.

I take reverse advice from banks

Aussie - i keep an eye only on super news, which is once per year and sell.

GL.
Reply
NotAtrader
Jan 14, 2017 1:30pm
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May I put my two cents here?
Sell AUD. Both the technicals and the fundamentals suggest that. The sentiment is not on the upside either.
Next week AUD down by 150 pips.
End of the next week spikes all over.
Last week 23 - 27 Jan. high volatility and ranging between 0.7220 and 0.7500
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wswi
Jan 14, 2017 8:57am
Permalink
Quoting Not-KPMG
Are you banker guys suggesting up direction in AUD.??

Then I'd sell. Advice and rob somebody else....

I wonder when aussie will cut rates.
did you aware last RBNZ rate cut was bullish for NZD?
Reply
Not-KPMG
Jan 14, 2017 7:51am
Permalink
Are you banker guys suggesting up direction in AUD.??

Then I'd sell. Advice and rob somebody else....

I wonder when aussie will cut rates.
Reply
NotAtrader
Jan 14, 2017 7:55am
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😂👍
Reply
michaellaw98
Jan 14, 2017 10:03am
Permalink
Quoting Not-KPMG
I'll be honest - i don't trade pound, NZD, yen, next fake currency

I just don't like being cheated.

Seems impossible what u said though.... See my point.

I take reverse advice from banks

Aussie - i keep an eye only on super news, which is once per year and sell.

GL.
Hi which event once per year? may i know in advance?
Reply
mineone
Jan 14, 2017 6:22pm
Permalink
Posible inversed head & shoulders on the audnzd
Reply
Jedi9
Jan 15, 2017 7:03am
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Quoting mineone
Posible inversed head & shoulders on the audnzd
I see that too. Very interesting!
Reply
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