OctaFX | OctaFX Forex Broker
Open trading account

Forex Flash: Next weeks RBA seen as possible catalyst for antipodean pairs – BNZ

FXstreet.com (Barcelona) - The NZD/AUD has come a long way and is almost ‘expensive’ on a fundamental fair-value basis. This raises the risk of a pause or backup in the uptrend, with next week’s RBA meeting a possible catalyst.

However, “any dip is expected to be shallow and short-lived, reflecting supportive NZ-AU growth, commodity price and interest rate dynamics. We doubt support at 0.8150 will be breached.” writes the BNZ Research Team.

Indeed, we have this morning taken profit on our strategic NZD/AUD long position, entered at 0.7960, for a 4.1% return. We’d use any post-RBA sell-off as an opportunity to re-enter a long position.

Forex: AUD/USD upside capped by 1.0280

The Aussie dollar is appreciating against the greenback on Friday although it failed to follow through 1.0280 so far, retreating to the current 1.0255/60 region....
Read more Previous

Forex: NZD/USD trading positively at 0.8520/22

The NZD/USD has edged higher Friday, with all eyes focused on the United States later today and the vaunted release of Nonfarm payroll data. During European trading however, the cross has remained fairly sideways, though is entrenched in positive territory at 0.8520/22 in these moments.
Read more Next
Start livechat