The AUD/NZD has fallen back into the 1.080 region as the Aussie (AUD) wins the slow race between itself and the Kiwi (NZD) for weakest links in Thursday trading, with both currencies either declining or seeing all gains erased on the day.
The AUD/NZD pair is struggling to develop momentum as the Antipodeans both sink. New Zealand economic data is 0-for-2 in the back half of the trading week as NZ PMI declines. Early Friday sees RBA Monetary Policy Statement release, set to confirm dovish stance . The AUD/NZD has fallen back into the 1.080 region as the Aussie wins the slow race between itself and the Kiwi for weakest links in Thursday trading, with both currencies either declining or seeing all gains erased on the day.
AUD/NZD Technical Outlook The Aussie-Kiwi pairing has tumbled back into the bearish side of the 200-day Simple Moving Average and the 50-day SMA is cycling close by, adding technical resistance from Thursday's peak bids near 1.0810. Further downside will see the pair set for an extension into October's low bids near 1.0640, and there's little technical support to provide the AUD need lift in the chart paper if bears continue to apply pressure.
AUD/NZD Antipodeans New Zealand Economic Data NZ PMI RBA Monetary Policy Statement Dovish Stance
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
AUD/NZD Price Analysis: getting pushed towards the middle once more, 1.08 in sightThe AUD/NZD is trading into two-week lows as the Aussie (AUD) grapples against a technical rebound on the Kiwi (NZD) side of the pair.
Read more »
The Best (Unexpected) Wines to Pair with Thanksgiving DinnerThese unexpected Thanksgiving wine pairings will guarantee good sips—and good conversations—around the table.
Read more »
How to pick the perfect beer to pair with your pizzaIs there a better combination than pizza and beer? Nope.
Read more »
Pair of Former Colts QBs Find New HomesAs the second half of the NFL season begins, two former Indianapolis Colts field generals have found fresh starts with new teams.
Read more »
Get a pair of Sony earbuds for almost 70% off at WalmartWalmart is offering a huge deal on Sony wireless earbuds during its 'Black Friday Deals' sale that will save you $69 off the retail price. Here's the sweet deal to shop online.
Read more »
Stanford visits No. 12 Oregon State hoping to string together a pair of winsNo. 12 Oregon State must win out — and get help — to keep hopes for a berth in the Pac-12 championship alive. After Stanford, the Beavers host No. 5 Washington and then visit No. 6 Oregon. Stanford is leaving the Pac-12 next season for the ACC so it will likely be the final game between the two teams for the foreseeable future.
Read more »