AUD,NZD/Flows and Orders/FXWW News/Technical Analysis/Trade Ideas

NZD: Demand for local bonds returns and Kiwi starting to look good on the crosses

  • AUD/NZD consolidating below 1.2000 and further losses towards 1.1500 expected.
  • NZD/JPY and NZD/CHF building bases above 75.50 and 72.00 respectively.
  • Demand seems to have been picking up during the Asian session with FXWW888 reporting the return of demand in the bond markets.
  • Most recent falls have been in overnight trade, which suggests to me that speculative accounts are still selling, thereby increasing the chances of some sharp short-covering rallies.

For those NZD bulls out there, AUD/NZD looks like the ‘safest’ play (wrong above 1.20) whilst NZD/CHF could offer the best risk-reward possibilities.

  1. Hi Sean, from your view are we better to wait NZDCHF daily closed above 0.74 then we just confirm to add long?? Due to this three days it seen like hard to break above that, and EURNZD it seen like form the wedge pattern here, my second try been stop out on the entry level, would you suggest that trade this pair after breakout or after ECB meeting better??Any advise??thanks(although I know u didn’t trade NZD)

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