Comments on: AUD/NZD: Break above technical resistance should lead to AUD/USD demand https://fxww.com/audnzd-break-above-technical-resistance-should-lead-to-audusd-demand/ The Professional Source Tue, 16 Oct 2012 04:50:18 +0000 hourly 1 By: Rahul https://fxww.com/audnzd-break-above-technical-resistance-should-lead-to-audusd-demand/#comment-1610 Tue, 16 Oct 2012 04:50:18 +0000 http://fxww.dreamhosters.com/?p=1481#comment-1610 thank u sean

]]> By: Sean Lee https://fxww.com/audnzd-break-above-technical-resistance-should-lead-to-audusd-demand/#comment-1607 Tue, 16 Oct 2012 04:43:05 +0000 http://fxww.dreamhosters.com/?p=1481#comment-1607 There are like you say some pure cross moves, when only the AUD/NZD is moving. This pair is very heavily traded by big institutional players so if you get a pure AUD/NZD move, its certainly quite possible for AUD/USD to go up and NZD/USD to go down. We call it a scissors move.

]]> By: Rahul https://fxww.com/audnzd-break-above-technical-resistance-should-lead-to-audusd-demand/#comment-1606 Tue, 16 Oct 2012 04:39:20 +0000 http://fxww.dreamhosters.com/?p=1481#comment-1606 also…if thats the case?..wouldnt it be wrong to say the move in the cross moved the aus/usd and nzd/usd…?…is there a specific reason people would sell the kiwi for the aussie?

]]> By: Sean Lee https://fxww.com/audnzd-break-above-technical-resistance-should-lead-to-audusd-demand/#comment-1605 Tue, 16 Oct 2012 04:38:39 +0000 http://fxww.dreamhosters.com/?p=1481#comment-1605 I would not use the interest rate as a reason for larger move in AUD, it could be mkt positioning or mkt sentiment, but yes some factor will likely affect both pairs in same direction, just one more than other

]]> By: Rahul https://fxww.com/audnzd-break-above-technical-resistance-should-lead-to-audusd-demand/#comment-1604 Tue, 16 Oct 2012 04:36:35 +0000 http://fxww.dreamhosters.com/?p=1481#comment-1604 so tell me if i got this right…both pairs are highly correlated and any market moving catalyst would act on both simultaneously..and create a much larger move in the aussie due to its higher interest rate…(incase of a positive)…would this phenomenon be reversed if the kiwi had a higher interest rate or is this just how the relative pressures on the cross works?

]]> By: Rahul https://fxww.com/audnzd-break-above-technical-resistance-should-lead-to-audusd-demand/#comment-1603 Tue, 16 Oct 2012 04:29:18 +0000 http://fxww.dreamhosters.com/?p=1481#comment-1603 thanks guys

]]> By: Nachiket https://fxww.com/audnzd-break-above-technical-resistance-should-lead-to-audusd-demand/#comment-1602 Tue, 16 Oct 2012 03:53:29 +0000 http://fxww.dreamhosters.com/?p=1481#comment-1602 also i would not recommend anybody to trade in this pair because of its high spread and illiquid market.

]]> By: Nachiket https://fxww.com/audnzd-break-above-technical-resistance-should-lead-to-audusd-demand/#comment-1601 Tue, 16 Oct 2012 03:52:48 +0000 http://fxww.dreamhosters.com/?p=1481#comment-1601 Rahul,

to explain sean’s point better always remember that when trading the crosses the currency on the right hand side of the cross is imp. in this case nzd is imp than aussie. if kiwi falls and aussie stays flat still aud/nzd will rise. if kiwi rises and aussie also rises then this pair will remain flat. if nzd rises and aussie falls then aud/nzd will fall.

]]> By: Sean Lee https://fxww.com/audnzd-break-above-technical-resistance-should-lead-to-audusd-demand/#comment-1600 Tue, 16 Oct 2012 03:37:17 +0000 http://fxww.dreamhosters.com/?p=1481#comment-1600 Hi Rahul, if AUD/NZD is to move higher there are 2 things can happen; either AUD/USD rises more than NZD/USD or NZD/USD falls faster than AUD/USD. If NZD/USD has lots of buyers, then a rise in AUD/NZD is more likely to come from first example ie AUD/USD rising faster than NZD/USD. Perhaps I’m making it sound more complicated than it is

]]> By: Nachiket https://fxww.com/audnzd-break-above-technical-resistance-should-lead-to-audusd-demand/#comment-1597 Tue, 16 Oct 2012 02:40:34 +0000 http://fxww.dreamhosters.com/?p=1481#comment-1597 aussie’s rise and fall are too catchy. yesterday from 1.0270 it fell to 1.0200 no reason and rise from 1.0200 to 1.0260 again no reason. its better to leave it aside for a while and trade gbp and euro.

]]> By: Rahul https://fxww.com/audnzd-break-above-technical-resistance-should-lead-to-audusd-demand/#comment-1596 Tue, 16 Oct 2012 02:40:08 +0000 http://fxww.dreamhosters.com/?p=1481#comment-1596 sean, i have a doubt. why would nzd/usd demand drive the aus/nzd dollar pair up?..

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