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Aud-nzd

Strong markets in Europe maintain risk-on sentimentMarkets in Asia and especially in Europe started September strongly after higher-than-expected inflation in the eurozone and very optimistic comments from ECB Vice President Luis de Guindos, who said that the eurozone economy is growing faster than the ECB expected, hinting at an upward revision of the central bank's growth forecast. On the downside, German retail sales disappointed in July, falling 5.1% month-on-month. Eurozone manufacturing PMI was lower than expected, but remained near record levels. August, normally a complicated month for the stock market, saw several record closes for the S&P 500 and Nasdaq 100, with US equities pointing to a positive performance on the first day of the new month. The important 10-year US Treasury yield rose well above 1.3% again (currently at 1.32%). The USD remains weak ahead of the US jobs report in focus on Friday. Oil prices remained in a sideways range ahead of today's OPEC+ meeting. Ethereum broke through $3,500, the highest level since May 18. Bitcoin continues to trade in the $47K - $48K range. Despite rising expectations that central banks will gradually move away from pandemic-era stimulus programs, markets continue to rise, showing that investment banks remain confident that the sustained rise in the stock market will continue. Statements from ECB officials showed that the ECB is optimistic about economic developments in the eurozone, but also that the conditions for a gradual withdrawal of stimulus measures are almost met. Higher 10-year US Treasury yields can be seen as an indicator that US investors also believe that economic growth will continue for longer. September was the worst month for equities in the last two decades, and we also see hedge funds preparing for a reversal. For now, markets remain optimistic, waiting for more clues on the Fed's plans for the coming months. The ECB's optimistic comments have eased growth concerns for now. Risk sentiment remains positive, supporting risk-sensitive currencies such as the AUD, NZD and emerging market currencies. The rise in the EUR is likely to continue as expectations rise that the ECB has started internal talks on scaling back stimulus measures, which the ECB will then report on in detail at the upcoming ECB meeting (on Sep 9).
E
by MarMat1500
Aud-Nzd, my bullish viewOne currency pair that I find particularly interesting is Aud-Nzd. I state that all my analysis focuses on the Covid-19. Above, you can see the chart with the most significant levels drawn. At the Reserve Bank of New Zealand's last meeting on 18 August, the Governor stated that the " decision was made in the context of the Government's imposition of Level 4 COVID restrictions on activity across New Zealand ", i.e. the introduction of lockdown in New Zealand. He added that " Today's re-introduction of Level 4 restrictions to activity across New Zealand is a stark example of how unpredictable and disruptive the virus is proving to be ." Ultimately, " The Committee noted the considerable uncertainty that exists regarding the longer-run impacts of COVID-19, particularly with the emergence of new variants. Globally, periods of health-related mobility restriction are likely to continue for some time, creating ongoing short-term economic disruptions, supply cost pressures, and lower productive capacity ." Australia had reintroduced the lockdown about a month earlier, with Aud-Nzd dropping nearly 400 pips since then. Now that lockdown has been reintroduced in New Zealand, it is very likely that we will see the currency pair settle at much higher levels than it is now. As always I leave the stop-loss (and position size) to you and your money management, for the target, I will close most of the position at 1.06900, with the next and final target in the 1.07800/1.08100 area.
Long
by TradingwDavid
1
AUD/NZD Weekly forecast (coronavirus affect)According to the chart above we can see that trading pair AUD/NZD sitting on the weekly demand zone between the price region 1.0380-1.0440 which is also in the Fibonacci retracement support zone (50.00%-61.8%). If the buyers will enter into the long positions we can expect that the price will again test the supply zone at 1.100 which is also a BRN psychological number. The biggest Australian and New Zealand banks have a less pessimistic outlook for both the Aussie (AUD) and the Kiwi (NZD) - reflected in their AUD to NZD forecasts in 2021. But, they recognise there is a lot of uncertainty from coronavirus and a slowdown in New Zealand will be large, and recovery slow. That's probably why 2021 forecasts for the major banks vary significantly. However, their outlook for the NZD is more negative than positive compared to the AUD. According to ANZ. Coronavirus affect As coronavirus increases volatility in currency markets including the EUR and GBP. Generally, safe-haven currencies like the USD, CHF, and JPY could move higher. However, commodity currencies such as the AUD, NZD, CAD and ZAR exchange rates could fall. This could mean that confidence may be returning for the global economic outlook. However, a faltering recovery from the ongoing threat of coronavirus could continue to create sharp moves in currency crosses like the Australian dollar to New Zealand dollar exchange rate. If we summarize long term AUD/NZD forecast ANZ says it's hard to be upbeat on the NZD and expects the AUD to NZD exchange rate to end 2021 at 1.0753 Westpac expects the AUD to NZD to fall to around 1.1364 by the end of next year NAB predicts the AUD to NZD forecast exchange rates for the end of next year to be 1.0800
Short
by fxmarketanalyst
AUDNZD Falling wedge pattern and difference 😎😉analysis: -on 1D time frame we show a difference on MACD and a Golden Cross -on 4H time frame we show Falling wedge pattern and show a difference on MACD and RSI For confirmation : Wait for the insurance of technical patterns on small frames , such as Double Bottom , Head and Shoulders , and others. Targets: TP1@1.05330 TP2@1.05900 TP3@1.06400 For more analyzes and our encouragement do not forget: -Follow us -Support us with the like button 👍 -Write a comment
Long
by mohamed_Abdullah7
AUDNZD a move the next support 🦐AUDNZD on the daily chart after the test of it closes the week below the support at the 1.05500. During next week, we will check the market open at the beginning of the new month and, according to Plancton's strategy we can open a nice short order to the next support level. -–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
8
AUD/NZD:BEARISH TREND|PRICE ACTION|SHORT SETUP CONTINUATION 🔔Welcome back Traders, Investors, and Community! Check the Links in Description and If you LIKE this analysis, Please support our page and Ideas by hitting the LIKE 👍 button Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. Have a Good Day Trading !
Short
by FOREXN1
1
AUDNZD testing a weekly support 🦐AUDNZD on the 4h chart is testing a weekly support. The price after the last bearish impulse retraced to the 0.618 Fibonacci level and according to Plancton's strategy if the market will break and close below we can set a nice short order. -–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
12
COT CURRENCY REPORTAUD, NZD & CAD: It’s important to keep in mind that since the RBNZ meeting took place on Tuesday, we won’t see a lot of the upside in the currency we had this past week reflected in the CFTC data as yet. After the hawkish tilt by the bank as well as the solid beat in Q2 CPI data, expectations for hikes this year have risen substantially, and barring any major risk off tones we would expect a favourable environment for the NZD going into the August meeting. For the CAD, the fact that we it was one of the biggest position unwinds makes a lot of sense, as it shared a similar fate with the other two biggest net long currencies among the majors (EUR and GBP). The bias for the CAD remains tilted to the upside, but with a lot of the positives already reflected in the price, it will take a lot more positive news to see more meaningful upside in the currency. For the AUD, the virus situation is a negative driver to keep on the radar. Two of the largest cities in the country is already in snap-lockdowns, and further aggravation of the situation could develop into a key sentiment driver in the short-term, so definitely one to watch. JPY, CHF & USD: The JPY saw quite a sizeable lift in terms of positioning, with another big batch of short positions being dumped. The hefty increases in short-term positioning over the past few weeks was arguably driven by the fundamental outlook, partly driven by summer liquidity ramping up carry trade activity. Thus, the currency is always going to be vulnerable to see some of that unwind, especially when we have bouts of risk off flows as we’ve seen occur over the past two weeks. For the US Dollar, as the fundamental bias remains neutral and as we are well within the summer liquidity period, the main driver for the USD has been the incoming economic events as expected. This past week we had Fed Chair Powell’s testimony where his persistent dovish tone, despite rising inflation data, saw some minor downside in the greenback, but retail sales also saw some additional excitement. This week will be a very quiet one for the Dollar in terms of events, so be on the lookout for Fed speak, and also keep track of the overall risk sentiment. GBP: Doves turning into hawks. This past week saw some very interesting comments coming out from the more dovish leaning members of the BoE, with BoE’s Saunders paving the way expectations that the bank could announce an early end to their QE program at their next meeting. This saw decent upside in Sterling, as it confirmed the market’s ongoing expectations that the BoE will be reducing accommodative policy in the weeks ahead, but also due to the fact that these hawkish comments came from a dovish member of the bank. This week we look to comments from BoE’s Haskel who is considered as the most dovish member of the bank. If he paints a similar picture to that of Saunders, the markets will arguably be quick to price in a tapering announcement for the upcoming meeting. Keep in mind the upside in Sterling occurred at the latter part of the week which means the CFTC data does not reflect it. The big reduction in net-longs is in line with more unwind in the biggest net-long positions versus the US Dollar. EUR: Despite the big reductions we’ve seen in EUR net-long positioning, the currency remains the biggest net-long position versus the greenback among the majors. With the Dollar’s fundamental outlook turning more neutral, the outlook for the EUR remains tilted to the downside. Majority of the upside in the EUR from expectations about a EU economic recovery going in Q3 was already reflected in the price before the recent FOMC meeting, which left the EUR exposed to lots of downside from a positioning point of view. Even though the bias for the EUR remains weak bearish, the amount of one-sided price action post the June FOMC meeting has seen the currency lose a lot of ground, which means we do want to be mindful of some reprieve from some possible mean reversion. This week we have the July policy meeting which was made more important by comments from ECB President Lagarde who stated that markets can expect updated forward guidance at the meeting in line with their new strategic framework, even though Friday sources pieces suggest otherwise. *This report reflects the COT data updated until 13 July 2021.
by thunderpips
2
💡Don't miss the great sell opportunity in AUDNZD Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (1.0656). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . AUDNZD is in a downtrend, and the continuation of the downtrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 31. Take Profits: TP1= @ 1.0617 TP2= @ 1.0600 TP3= @ 1.0564 TP4= @ 1.0540 TP5= @ 1.0509 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity_World
9
Today's Notable Sentiment ShiftsAntipodeans/Safe-Havens – AUD and NZD remained pressured throughout Thursday, while safe-havens CHF and JPY remained broadly well supported as a bout of global risk aversion hit equities and lowered bond yields. Commenting on the risk-off tone, Forexxtra noted that “the risk-off theme is clear across all markets, especially in currencies with the strongest risk DNAs including the Aussie, Canadian dollar and the Kiwi. This feels very much as though this is a washout of positions which could have some real potential in a market which has already felt very thin this week.” Forexxtra’s views were confirmed by Reuters, who noted there was a broad-based unwinding of risky positions by some hedge funds.
by thunderpips
2
AUDNZD Facing bearish pressure | 1 July 2021AUDNZD holding below the descending trendline. Having broken below the recent graphical swing low, a further drop below 23.6% Fibonacci retracement at 1.07266 towards long term 61.8% Fibonacci retracement at 1.06818 could be possible. Technical indicators are showing room for further bearish momentum as well. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Short
by FXCM
2