XE Currency Charts
Forex Economic Calendar A: There is no change to the neutral outlook but NZD has likely moved back onto a consolidation phase and is expected to trade sideways from here, likely within a broad 0. Neutral since 21 Aug 18, spot at 0.
AUD/NZD Advanced Live Chart
This was largely unexpected by analysts, but it shouldn't be if you know your geo-politics. There has been a lot of talk about Asian culture not wanting to 'lose face'. However, this is not an an Asian problem , but a human one.
No culture likes to be seen to back down. It just manifests in different ways across the cultures. In the China and US relationship China is looking for a way to de-esclate the situation. What is happening is that this is a wider part of US strategy for the Asia and Pacific region.
The so called 'Pivot to Asia'. It is not hard to see the reasons why with half the world's population living in that region and half of all global economic output due to be coming from that region by Asia is critical to the US and there is a continual tug of war in the region as to which side you are on. China or the US. Which superpower do you cuddle up to? This issues is wider and deeper than this one post can make, however the takeaway for me is twofold:. AUD should rally if and when it does.
The last two days have seen glimmers of hope for that. From a technical perspective, it gets simpler thankfully. While a break of this level would not be surprising, we continue to see low odds for a sustained move above the next resistance at 1. Neutral since 21 Aug 18, spot at 1. Room for GBP strength to 1.
The break of 1. Despite the strong surge, we are not ready to adopt a bullish stance just yet. That said, after the outsized rally, the pressure is clearly on the upside and we see room for further GBP strength to 1. Neutral since 21 Aug 18, spot at 0. AUD is expected to trade sideways. AUD dipped to a low of 0. Most indicators are showing mixed signals after the recent choppy price actions and we continue to hold a neutral stance from here. In other words, we still expect AUD to trade sideways, likely within a 0.
Neutral since 20 Aug 18, 0. NZD has moved back into a consolidation phase. NZD just dropped sharply at the time of writing and has put paid to our recent expectation for a test of 0. There is no change to the neutral outlook but NZD has likely moved back onto a consolidation phase and is expected to trade sideways from here, likely within a broad 0. Neutral since 23 Jul 18, Probability for a move above