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Some interesting action right now between AUDUSD, NZDUSD and the...

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nzrugby

426 Posts.

10/03/15

13:48

Post #: 14888832
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Originally posted by grandcaruso ↑

RBNZ meets tomorrow. Rates expected to stay on hold. Then the next day Aussie unemployment figures come out. So it could be a big week for the pair. Technically A/N looks reasonably strong. However to me it's current level seems the top of the channel and it needs some macro events to push it higher. I'm favouring downside from here because I can't see the fundamentals changing that much to push it higher.

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Some interesting action right now between AUDUSD, NZDUSD and the direct cross AUDNZD. Looks like some repositioning from large holders going on?

Price at posting: 1.3651 Sentiment: None Disclosure: Not Held
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