Get started

Australia

ANALYSIS: NZDUSD AHEAD OF RBNZ INTEREST RATE DECISIONThe RBNZ announce rates this week and as discussed in our market outlook it is likely for them to hold their plans on hiking rates with growing concerns over global economics. Recently Consumer Price Index fell from 0.9% to 0.1% with Employment also sinking significantly, chances of a rate hike has started to diminish. Looking at the chart technically the weekly chart closed significantly bearish sitting slightly above a key demand zone. The current 4hr consolidation looks likely to break lower into the key demand zone. If the weekly chart can close below the demand zone, we could see the bears really take control here.
Short
by BlueberryMarkets
VIDEO ANALYSIS: AUDJPY FALLS OFF THE BACK OF RBAIn this video update, we take a look at AUDJPY and how it has been affected by the RBA governor Lowes statement. Tuesday saw the RBA hold interest rates at 1.5% however they downplayed the recent poor data in which boosted the AUD slightly. This was short lived as the RVA Governor stated they are still concerned by the housing and wages data that they are putting any rate hike plans on hold. This was taken negatively and the price fell. Expect further downside to this market on pullbacks.
Short
by BlueberryMarkets
AUDUSD- Long PositionAfter a long accumulation range which start in 2016, the Aussie moved higher until February 2018, then selling off into the buy zone at the end of 2018. A nice large pin-bar on new years eve saw stops being run out , since then we have seen 2 buy pivots. Should see the Aussie trend higher, breaking the 2018 high, as the gold price moves in a strong up trend. An entry on the daily chart is confirmed with a lagging line and price closing above the Ichimoku cloud.
Long
by TRADER-RI