Today
+0.11%
5 Days
-0.56%
1 Month
-0.31%
6 Months
+1.70%
Year to Date
+7.06%
1 Year
+7.97%
Opening Price
1.239Previous Closing Price
1.239
The downside prevails as long as 1.2423 is resistance, with 1.2353 and 1.2336 as targets
above 1.2423, look for 1.2452 and 1.2469.
The downside prevails as long as 1.2423 is resistance, with 1.2353 and 1.2336 as targets
AUD/NZD extends its losses for the second successive day, trading around 1.2430 during Asian hours on Tuesday. The currency cross loses ground as the Australian Dollar (AUD) depreciates after the Reserve Bank of Australia (RBA) decided to raise its cash rate to 4.85%, from 4.6%.
The Aussie Dollar (AUD) is rallying sharply against an ailing New Zealand Dollar (NZD) on Wednesday, following an unexpected pause at the Reserve Bank of New Zealand (RBNZ) monetary policy meeting.
The AUD/NZD cross catches aggressive bids during the Asian session on Wednesday, rallying to its highest level since March 2013 following the release of hot Australian consumer inflation figures and the Reserve Bank of New Zealand's (RBNZ) surprise on-hold rate decision.
Australian consumer sentiment fell 4.7% to 80.4 in October, and the Reserve Bank of Australia (RBA) hike on September 29 did most of the damage. AUD/NZD trades just above 1.2400 on its first down day after a three-session climb from near 1.2300.
TD Securities' Macro Research maintains a negative stance on the Australian Dollar relative to the New Zealand Dollar following the Reserve Bank of Australia’s September decision. With the cash rate at 4.60% and no further hikes expected this year, they see AUD underperformance persisting.
The AUD/NZD cross reverses a modest Asian session dip to the 1.2360 area and jumps to a three-day high after the Reserve Bank of Australia (RBA) announced its policy decision.
The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
This feature includes nine of the commonly used technical indicators: MACD, RSI, KDJ, StochRSI, ATR, CCI, WR, TRIX and MA. You may also adjust the timeframe depending on your needs.
Please note that technical analysis is only part of investment reference, and there is no absolute standard for using numerical values to assess direction. The results are for reference only, and we are not responsible for the accuracy of the indicator calculations and summaries.