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Forex: AUD/NZD lower sub-1.24 on Aussie weakness

FXstreet.com (Barcelona) - Despite the fact commodity currencies over all have been doing pretty poorly recently, AUD has been doing it even worse than Kiwi, and thus AUD/NZD is lower for the week, last at 1.2385 bids, just 6 pips off recent fresh weekly lows at 1.2379, as AUD/USD also prints fresh session lows at 1.0412, while NZD/USD keeps firmer above the 0.84 handle.

The cross has lost a -2.3% since printed fresh 2013 highs at 1.2680 back in March 14, 3 weeks ago, finding resistance at the 200 day SMA, last at 1.2750, same price AUD/NZD started the year at. Local share markets are all trading in the red including Australia ASX index, down -0.48%, with the exception of Nikkei index that climbs more than +4% following yesterday's historic BoJ meeting. Oil closed in NY down -1.25% for the day, mounting for a -4% loss over last 2 trading days.

Immediate support to the downside for AUD/NZD lies at recent 4-week lows 1.2379, followed by Oct 02 lows at 1.2371, and Feb 11 highs at 1.2363. To the upside, closest resistance shows at March 29 lows 1.2421, followed by Jan 25 lows at 1.2430, and yesterday's highs at 1.2461.

Forex: USD/JPY longs looking to take profit - TDS

With USD/JPY soaring to fresh new highs above the 97 handle, not seen since August 2009, “those who have ridden the USD/JPY rally up over the past few months will be looking to take profit—sooner rather than later if the USD cannot rally more obviously,” says Toronto based Chief FX Strategist at TD Securities Shaun Osborne.
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Forex: EUR/JPY biggest single day rally on record above 125.30

EUR/JPY is last a 125.25, fresh 3-week highs, a +4.85% higher from yesterday's Asia-Pacific open, mostly on the back of Yen weakness, though also helped on some Euro strength, following both central bank meetings yesterday from BoJ and ECB. The single day advance in the cross must be probably the biggest on record.
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