The market is submerged into an overall risk-off mood, with the AUD getting strong on recovering China and the GBP boosted by the BOE announcements, while the USD and the EUR are weak.
Tag - nzd - new zealand dollar
AUD/NZD formed a “shooting star” candlestick on the W1. The pair ran into the resistance line from the 2018 highs and failed to close above the 200-week MA at 1.0650.
The Fed and the ECB planning to expand the economic stimulus package make the USD and the EUR lose value.
NZD appears to be pretty strong lately. Will it maintain this course?
The market starts the week with risky appetites: the AUD and the NZD rise, in line with the GBP/USD and the EUR/USD.
Brent followed the case of WTI, although not into the negative zone (yet); the AUD and the NZD are marching upwards across the board, the USD stays relatively strong.
NZD/USD may be on the verge of breaking to lower levels. The pair formed a doji candlestick with a long upper shadow on the D1 - this is a bearish sign.
Goldman Sachs sees the AUD/NZD pair as a buy. Why?
USD rules the market this Monday, with AUD and NZD getting their gains as well, gold plunging, and WTI dropping to 21-year lows at $14.80!
These days the US dollar has a lock on everyone’s attention. However, there are some interesting cross-currency movements that you can gain from.
Main currency pairs and assets got into consolation or correction this Friday.
While we speak about the USD getting stronger, the New Zealand dollar may be aiming at its 7-year lows against the CAD. Does it have the momentum for that?