OctaFX | OctaFX Forex Broker
Open trading account

AUD/NZD fails to hold above 1.1000

FXStreet (Córdoba) - The AUD/NZD finished Tuesday higher, 45 pips above Monday’s closing price. The pair strengthened after breaking above 1.0965 and peaked during the European session at 1.1007, the highest since last Thursday

But the Aussie failed to hold above 1.1000 and pulled back. The retreat from the highs found support around 1.0980 and the pair finished the day trading slightly below 1.0990, posting the second highest daily close since the beginning of the month.

AUD/NZD remains rangebound

The pair continues to move sideways with support at 1.0920 and facing resistance at 1.1040/50. A break of the mentioned range could trigger some volatility in the AUD/NZD.

DXY: Improved medium term setup - JPMorgan

The bullish breakout above the key 81.00/50 resistance zone suggests an improved medium term setup for the broad USD picture, notes John Normand and Niall O'Connor, FX Strategists at JP Morgan.
Read more Previous

Sell signal in USD/CHF on crowded longs - Standard Chartered

According to Standard Chartered, their IMM positioning model has generated a sell signal in USD/CHF on crowded longs.
Read more Next
Start livechat