Short

AUDNZD Montly w/ Ongoing Updates Not Advice

Updated

Weekly Economic Analysis: 7/30/23
Pair: AUDNZD
GDP (Down: Weaker Currency Up: Stronger Currency)
- Aud down NZD up
Employment (Down: Weaker Currency / Up: Stronger Currency)
- Both up
Inflation (Down: Weaker Currency Up: Stronger Currency)
- Both Down
Interest Rate (Down: Weaker Currency / Up; Stronger Currency)
- AUD news week. Both stalemate
Balance of Trade (Down: Weaker Currency / Up: Stronger Currency)
- AUD down NZD up
PMI (Down: Weaker Currency / Up: Stronger Currency)
- Services: Both are down
- Manufacturing: AUD up NZD down
Bias: NZD Stronger

Monthly Technical Analysis
- Price could be in a range with our bias to the demand zone around 1.03758.

Note

These economic updates are collected using trading view economic charts. I look to the past three months.

Note

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Note

We are aware of the PMI and Interest Decision coming up later today. The forecast is aiming for a higher rate after last week's PMI came out but who knows right? I mean inflation has been coming down and the only PMI that was higher was manufacturing. Employment is up as well which could cause reason for more demand and wages are up as well. Either way, we may close our trades before the news comes out and reassess after the reaction to be safe even if that means a loss is taken later today on our 15,4,daily trades.

Redimere_91

Disclaimer

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