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AUD/NZD Looks Stretched At The Lows

Although the trend points lower, mean reversion appears likely over the near-term according to some indications.

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March 12, 2019 08:01 PM

EUR/AUD poised to breakout amidst next week’s AU CPI and ECB meeting

Notwithstanding President Trump’s daily twitter condemnations (trade partners and the Federal Reserve drew his ire this morning), traders have started to look ahead to next week’s trade.

AUD/USD rises despite expected RBA rate cut

Despite some key Australian news and economic data releases on Tuesday that should have placed increased pressure on the Australian dollar, AUD/USD climbed significantly. This was due in part to the fact that some of this news had already been expected and priced-in, as well as the overriding weakness in the US dollar.

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