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Aussie-kiwi

AUD/NZD Monthly Candlesticks & Ichimoku ChartWith the Reserve Bank of New Zealand (RBNZ) explicitly expressing their intention to weaken the currency and willing to contemplate negative interest rates and purchasing foreign assets if required, the NZD is likely to continue on a weakening path. The Reserve Bank of Australia (RBA), on the other hand, expressed their wish to see AUD lower but would not say that AUD is currently overvalued and is unwillingly to contemplate negative rates at this point. This means that AUD will continue to outperform the NZD in the weeks and months ahead. AUDNZD is breaking above the monthly Ichimoku cloud. A close above the cloud would be the first since early 2013. The start of this uptrend is likely to bring the pair above 1.20 and may even test 1.30 in the longer term.
Long
by TrackRecordTrading
1
RBA Monetary Policy Meeting. AUDNZD bear domination?!RBA is less likely to provide further support to the Aussie dollar and expect any AUD weakness to be mostly channeled through a lower AUD/NZD, where the monetary policy differential may be more evident (given a neutral RBNZ). Market participants in this cross-currency seem to price in ahead of the meeting where we can see a strong bearish pressure for now in the price action for this cross. We have a key level 1.03753 which acted as support in the past and this level has good weigh as it lines up with weekly pivot point s3 and descending channel lower trendline (acts as supports). Break lower through this key level with good bearish momentum should signal us price can dive more near the major support 1.03131 or even further depending on the outlook reaction after the meeting. If RBA ends up neutral or surprise hike bearish may lose its momentum strength.
Short
by jessi061
1
Nube#27AUDNZD sell@1.03826 SL@1.03962 TP@1.0321 Looking forward to some bearish movement on Aussie-Kiwi for the rest of the month. Q3-2019 has established a pretty significant downtrend on this pair, which does not show signs of weakening. Taking advantage of the ~1% bullish impulse of the last weeks, we have some space to look forward to cover by selling, until retest of the lows, hoping that the overall bearish trend resumes. If the trade is activated, it should start to be managed from the 0.618 blue level, maybe protecting the trade from losses. 0.786 purple line could be a nice place to look for partial or total close.
by timeerr