AUDNZD

AUDNZD has been drawn into a choppy market after plummeting over 600 pips in the second half of 2020. Since then, two separate attempts to shift the dynamic to the upside have failed. We now see prices trading firmly within the Ichimoku…

USDJPY bounces as risk assets overheat The greenback has come to the moment of truth, after rallying to a three-month high, will there be enough buyers to sustain the momentum? Lousy job market and near-zero inflation may continue to…

AUDNZD has witnessed a smooth rebound from the beginning of December’s lows. The ascension has seen the currency pair break through the Ichimoku indicator as another attempt at yearly highs unfolds. The next test now would be 61.8% of…

AUDNZD has witnessed a sizeable downtrend since the third quarter, with price dropping into the lower 1.04 region. A brief rally to the top end of the descending channel now sees prices wane, as resistance at the specified area eyes…

AUDNZD rose above 109.00 yesterday as the pair look towards hitting further fresh highs. The surge was visible from June 13th which was when the prices were last engulfed in the Ichimoku cloud. Since that date, prices have emerged from…

New Zealand to Hold Fast With the COVID outbreak largely controlled domestically, New Zealand is basically holding the line while the rest of the world gets the virus under control. This poses a problem, as an important part of the…

AUDNZD is struggling to get past the Aug '18 trendline resistance TR1 near the 50% Fibonacci of the bearish leg down to 1.05, at 1.0722. However, the pair has broken the TR1 trendline twice over the past few weeks. This suggests that…

EURJPY Surges as ECB Props up Economy The euro rose to a 13-month high against the Japanese yen as markets unwind their safe-haven bets. Broad optimism has found support from the ECB’s latest effort to stimulate the bloc’s economy.…