Tuesday, September 22, 2015

AUD/NZD robust above 200 SMA

FXStreet (Guatemala) - AUD/NZD is currently trading at 1.1284 with a high of 1.1307 and a low of 1.1261.

AUD/NZD has has been in a drift with the 200 SMA supporting any dips while the Kiwi and Aussie have both been second to the greenback, with poor performance sin commodities overnight at the start of the business week across the Pacific and markets more confident about an October rate hike from the Fed than they were about the September FOMC meeting.

Awaiting impetus, perhaps from RBNZ

the Asian session is very quiet with little to go on from the calendar, although we have just had a release for the House Price index for Australia, that came in string beating previous by some margin. 4.7% vs 1.6% Q/Q for Q2 and 9.8% vs 6.9% Y/Y Q2 were the results giving the cross a little bid of 10 pips. We now await RBNZ deputy governor Spencer and a speech from him at 3:30pm Syd/1:30pm Sing/HK.

AUD/NZD levels

Technically, the cross is supported by the 200 SMA on the hourly chart with RSI in neutral and MACD slightly negative. 1.1300 is near term target while trading above the pivot of 1.1277 and next resistances are 1.1362 and 1.1411.
For more information, read our latest forex news.

No comments:

Post a Comment