Hello. After australian news during 05/13, 04.00 hs at H4 i think the pair is ending the uptrend. From Elliott, it seems a 5 wave at D1. I'm considering to open short position here. I've watched this video in youtube. Interesting. The author considers it the best forex instrument to trade. Both AUD and NZD seem risky to hold in a world of such high macroeconomic uncertainty, following the emergence of COVID-19. Nevertheless, AUD has shown a historical ability to sustain a long-term "premium" over NZD (based on a Purchasing Power Parity model). As Australia inflation has dipped into Aug 25, 2020 · A key trading principle in the FX world is trading a strong currency against a weak currency. In this way it is more probable to predict direction in the pair. A great example of this is now Nov 13, 2020 · Wall Street ended lower on the day as rising U.S. Covid cases pinged sentiment. Still, Asian economic data may boost risk appetite and propel AUD/NZD higher despite bullish New Zealand Dollar funda
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Jul 15, 2020 · Forex Crunch is a site all about the foreign exchange market, which consists of news, opinions, daily and weekly forex analysis, technical analysis, tutorials, basics of the forex market, forex software posts, insights about the forex industry and whatever is related to Forex. Oct 22, 2020 · • AUDNZD broke support area • Likely to fall to 1.0600. AUDNZD continues to fall after the earlier breakout of the support area lying between the key support level 1.0675 (which reversed the price in July) and the 38.2% Fibonacci correction of the upward impulse from March. Oct 22, 2020 · Forex Crunch is a site all about the foreign exchange market, which consists of news, opinions, daily and weekly forex analysis, technical analysis, tutorials, basics of the forex market, forex software posts, insights about the forex industry and whatever is related to Forex. Nov 05, 2020 · Russell 2000 Index May Continue to Rise on Rotation Trade, AUD/NZD Eyes RBNZ - November 10, 2020 NZD/USD: Keeps 0.6800 with eyes on RBNZ moves - November 10, 2020 Oct 26, 2020 · The AUD/NZD pair consolidated under 1.0700, reflecting the strength of the bearish move. On Monday it bottomed at 1.0636, the lowest level in almost three months. It tested levels near the 1.0630 that is the next critical support; the confluence of a horizontal level and the 200-day moving average. AUD/NZD is in the hands of the bulls as price corrects bearish impulse. High volatility could be on the cards with the RBA and US elections showdown. AUD/NZD rose from 1.0605 to 1.0635 overnight Nov 10, 2020 · AUD/NZD attacks the upper limit of 1.0641-1.0683 latest range. Bearish MACD, failures to cross key resistances keep sellers hopeful. RBNZ to keep interest rate unchanged, news on extra stimulus, rate outlook will be watched closely. AUD/NZD wavers around 1.0665 amid the initial hours of Wednesday’s Asian session.
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