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More of the Same in the AUD/NZD

fxsurprise8 Posted 31 Oct. as Analysis on AUD/NZD, Target: 1.0636, Date: 1st of December, 12:00 GMT  in #Technical analysis #Australia #Volatility #AUD/NZD #Aussie #Kiwi #Australian Dollar #New Zealand #Range Bound #New Zealand Dollar
I'm expecting more of the same for the AUD/NZD and here's why. First on the long-term charts we can see that this pair has been range-bound for the past 2 years. Although volatility has been high at times with prices hitting a high of 1.1676 last August and a low of 1.0019, no major changes happened in price.
This volatile but untimely range-bound movement can be seen in the second half of this year as well. See the chart below. During October the monthly range has been very small as well at onl…
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fxsurprise8 28 Nov.

It's been a trending month for most currency pairs but not so much for the AUD/NZD. Here we saw prices initially fall down over 300 pips, only to rally over 300 pips, then fall by over 200 pips.

So far in November we saw a total range of 340 pips, with a high of 1.0703 and a low at 1.0363.  This may seem like a lot but we are currently quoted at 1.0570, only 61 pips down since November 1st.

Compared to my forecast above we're down by 66 pips or around 0.62%. I will need some bullish movement into month-end to climb higher in the rankings.

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No Clear Trends Seen in AUD/NZD

fxsurprise8 Posted 30 Sep. as Analysis on AUD/NZD, Target: 1.052, Date: 1st of November, 12:00 GMT  in #Technical analysis #Australia #Volatility #AUD/NZD #Aussie #Kiwi #Australian Dollar #New Zealand #Range #New Zealand Dollar
No clear trend can be seen in the AUD/NZD. Volatility has been high at times with prices hitting a high of 1.1676 last August and a low of 1.0019 in April 2015. But no major changes happened in price as we saw the pair snap back from the extremes.
The two economies of Australia and New Zealand are closely linked thus range-bound movement seems to the norm for this pair. The short-term daily chart below confirm this view. We've made no progress in this pair since June of this year. Furthermore th…
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fxsurprise8 31 Oct.

The AUD/NZD is now quoted at 1.0640, about 120 pips above my forecasted price. The monthly range has been fairly small as well at only 260 pips, with a high at 1.0764 and a low at 1.0504.

Furthermore we still remain deep inside the now five-month range that started back in June, with a high at 1.0771 and the five-month low at 1.0236.

The three arguments above confirm my original analysis from above that there are no clear trends in this pair. I will need a helping hand from the market to move prices a bit closer to my target though.

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Large Gains for the Kiwi

fxsurprise8 Posted 30 Apr. as Analysis on NZD/USD, Target: 0.7381, Date: 1st of June, 12:00 GMT  in #Technical analysis #NZD #NZD/USD #Us Dollar #Kiwi #Recovery #New Zealand #Bounce #New Zealand Dollar
The NZD/USD spent most of last year in the dulldrums. The currency fell from 0.7800 to a low of 0.6071 before retracing somewhat. We are currently quoted at 0.6980.
But there are signs that a recovery is under way. On the chart below we can see that the NZD/USD has just cleared an important resistance area around 0.6900. After two-three false breaks, we're finally leaving this resistance behind.
I'm placing my bet on 0.7381, this is around 400 pips away from the current price. The average monthl…
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wisdom_consultant 25 May

good analyses

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The Range in AUD/NZD to Continue

fxsurprise8 Posted 30 Nov. as Analysis on AUD/NZD, Target: 1.0821, Date: 2nd of January, 12:00 GMT  in #Technical analysis #AUD #NZD #Australia #AUD/NZD #New Zealand
For the past year, the AND/NZD has traded in a small 8 percent range between 1.0500 and 1.1300. In November, Aussie weakness pushed prices away from the 1.13 mark and the pair tumbled close to 500 pips.
Looking back on the monthly chart, usually after periods of massive selling in the pair prices stabilized the next month. For an example of this, take a look at July 2013 and before that April 2013. The losses of May and July 2011 were also followed by consolidation period. I expect this pattern …
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