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AUD is likely caught in a broad range for now. No change in view. AUD traded within a tight 27 pips range yesterday, the narrowest 1-day range so far this year. The quiet consolidation offers no fresh clue and we continue to hold a neutral stance. Indicators are mostly flat now and this suggests that AUD could continue to trade within the month-to-date range between 0. Neutral since 06 Jul, 0. NZD is expected to trade sideways for now. Despite the relatively strong recovery yesterday, NZD does not appear to be ready to embark on a sustained directional move.
That said, the improved undertone suggests it has moved into a higher trading range of 0. Looking further out, a clear break of 0. Neutral since 23 Jul 18, Neutral since 25 Jun, spot at 1.
Choppy price action has resulted in a mixed outlook. Underlying tone has however improved and the top of the expected 1. At this stage, the prospect for a clear break of the next resistance at 1. As highlighted in recent updates, the choppy price action over the past several days has resulted in a mixed outlook. Indicators are mostly neutral and the near-term direction is unclear. Meanwhile, we expect GBP to continue to trade sideways within a relatively broad 1.
Neutral since 05 Jul 18, 0. AUD is likely trying to form a base. AUD traded sideways over the past few days and there are no further clues. We continue to hold the view that AUD is trying to form a base even though only a break of 0.
Meanwhile, we expect AUD to trade sideways and after testing the bottom of the expected 0. Your forecast comes with a free demo account from our provider, IG, so you can try out trading with zero risk. Discover our extensive calendar of free educational webinars and test your trading skills, risk-free, with an IG demo account. A demo account is intended to familiarize you with the tools and features of our trading platforms and to facilitate the testing of trading strategies in a risk-free environment.
Results achieved on the demo account are hypothetical and no representation is made that any account will or is likely to achieve actual profits or losses similar to those achieved in the demo account. Conditions in the demo account cannot always reasonably reflect all of the market conditions that may affect pricing and execution in a live trading environment. Therefore, the cross moves on the actual changes in the local economies, and is not heavily affected by risk-trends or global factors.
Commodity exports represent a significant segment of both economies with Australia shipping energy products and ferrous metals; while New Zealand is more known for its export of wool, meat and milk.
Event-driven macro and classic technical analysis Average Time Frame of Trades: A few days to a few weeks. First Name Please enter valid First Name.
AUDNZD Forex Chart
Latest NZD market news, analysis and New Zealand Dollar trading forecast from leading DailyFX experts and research team. Get free AUD/NZD (Australian Dollar to New Zealand Dollar) daily & weekly technical and fundamental forecasts, analysis, trends and news written by FX Empire's professional analysts. Enter Now! AUD to NZD Forecast, Short-Term Australian Dollar to NZ Dollar Forex Rate Prediction for Next Days and Weeks instantpaydayloansbadcredit.ml AUD to NZD Forecast, Long-Term Rate Predictions for Next Months and Year: ,