AUDUSD failed to make a convincing break above the descending trendline yet again. The pair currently holding the 0.7100 handle after a somewhat excessive move to the downside. Key support situated at the 0.7067, which marks the 23.6% Fibo level. Momentum indicators remain bearish; however, this has eased in recent sessions, which in turn could see slight stabilisation in the near-term. On the topside, resistance is at 0.7180-0.7200. ...
AUD/NZD The third quarter of the year saw some interesting shifts in the dynamics between Australia and New Zealand. While the RBA largely tried to stay behind the headlines this year, New Zealand has seen some considerable change over the past couple of months. Jacinda Ardern was elected as Prime Minster of the nation in early-August, and matters haven’t really been the same for the New Zealand Dollar since. Ms. Ardern has already ...
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