
It seems like there's a developing 'Falling Wedge' pattern. Thus, it's likely that the pair is going to test the nearest resistance...
It seems like there's a developing 'Falling Wedge' pattern. Thus, it's likely that the pair is going to test the nearest resistance...
There's a 'Flag', so the market is likely going to reach the previously tested resistance by the 'Triple Top' pattern...
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There's a 'Triple Bottom', which pushed the market higher, so all the Moving Averages have been broken...
AUD/NZD is making movements to the downside which are hard to ignore.
The market will be mostly driven by the risk-on sentiment after the positive news on trade negotiations between the US and China. Let’s consider the key levels for AUD/USD and AUD/NZD.
The pair is greatly influenced by the constant changes in global risk sentiment as well as the policy of the central banks.
The economic calendar offers a lot of events to trade on!
On Wednesday, the currency pair NZD/USD managed to go up in Asia following a Reserve Bank of New Zealand verdict earlier in the day…
The monetary policy statement by the Reserve bank of New Zealand is scheduled for February 13 at 03:00 MT time.
Big moves may be triggered by the meeting of the Reserve Bank of New Zealand early on Wednesday.
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