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AUD/NZD exposed on downside

STO

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Technical indicators suggest further weakness emerging for AUD/NZD with the 100 day moving average and April lows of 1.0670 and 1.0645 respectively being the next likely targets in the short term.

GBP/CHF continues to recover in line with other Sterling crosses and is currently looking to break comprehensively above the 23.6% Fibonacci retracement of the October ’15-October ’16 sell-off. Look for November highs of 1.2945 then September highs of 1.3145.

This article comprises the personal view and opinion of the STO Investment Research Desk and at no time should be construed as Investment Advice

STO Review

Source: https://www.stofs.com/en/newsroom/entry/TECHNICAL/audnzd-exposed-on-downside
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