Ways of trading AUD/NZD

Ways of trading AUD/NZD

Information is not investment advice

Although both the AUD and the NZD suffer versus the USD, it seems that, for now, the Australian currency is a bit stronger than New Zealand’s one. On the D1, AUD/NZD has managed to overcome the resistance line connecting the highs of 2018 and 2019 around 1.0540 (although on the W1 that hasn’t happened yet). The pair has also achieved a daily close above last week’s maximum in the 1.0615 area. There’s some scope for more advance: there’s the horizontal 200-week MA at 1.0700 is the natural target. AUD/NZD can reach this area and this is where sellers will likely reappear. The return below the highs of the last week will also provide a negative signal. 

AUDNZD.png

Similar

GBP/JPY: trading on Brexit

What is the best way to bet on the positive outcome of the Brexit deal? Technically, the GBP has bullish potential versus the JPY.

Popular

GBP/JPY: trading on Brexit

What is the best way to bet on the positive outcome of the Brexit deal? Technically, the GBP has bullish potential versus the JPY.

Choose your payment system