AUDNZD bearish in the longer run
The AUDNZD cross might show some bearish tendencies over the next weeks to months. AUD is expected to decline slightly against the USD until the year end to around 0.68. At the same time NZDUSD could go up to 0.67 based on commodity prices. Both views are based on Westpac market commentary.
I trade the cross the avoid USD related fluctuations.
From a technical point of view the AUDNZD pair is in a downward channel. The move is invalidated if the recent highs at around 1.075 are reached.
I trade the cross the avoid USD related fluctuations.
From a technical point of view the AUDNZD pair is in a downward channel. The move is invalidated if the recent highs at around 1.075 are reached.
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