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Jul 16 - 02:36 AM
AUD/USD - AUD Bid, But AUD/NZD Chart Suggests NZD Has Value
First appeared on eFXplus on Jul 16 - 01:00 AM
  • RBA minutes no surprise nL4N24H0OB, NZ CPI as forecast nL4N24G43S
  • Despite no surprise AUD/NZD -0.25%, bearish chart - 5, 10 & 21 DMAs falling
  • Cross targets the July 1.0428 low with 1.0381 below, 76.4% April/May rise
  • Positive AUD charts, and bearish AUD/NZD suggest the Kiwi provides value
  • NZD/USD has broken 0.6717 200 DMA; momentum studies, 5, 10 & 21 DMAs climb
  • Close above 0.6737 July high would be a strong bullish Kiwi signal
  • First stop 0.6764, 61.8% March/May fall, then the 0.6830 76.4%

nzd jul 16 Click here

aun jul 16 Click here

aud jul 16 Click here

Source:
Refinitiv IFR Research/Market Commentary

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