Trading news

AUD/NZD Bounces Off Support

The AUD/NZD bounced off support as expected, driven by worse than expected Unemployment Rate (5.2 % vs 4.8 %) while AUD Commodity Prices showed an increase by 10.9%. Technically POC comes within 1.0355-1.0370 (DPP, L3, 61.8, ABCD hist). The up move is supported by historical ABCD pattern at L3 support so on the next retest of POC zone we might see another bounce towards 1.0430 region. If we don’t see a retracement to POC then a strong h1 momentum or 4h close above 1.0435 might push the price to 1.0470.

Admiral Markets Review

Wednesday, 01 Feb, 2017 / 3:54

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source : https://admiralmarkets.com/analytics/technical-analysis/aud-nzd-bounces-off-support

Trading news

 

China selloff steadies but Wall Street wobbles; dollar eyes Fed

  China jitters spread to global equities but rebound may already be [...]

Posted on Wednesday, 28 Jul, 2021 / 9:39 under

What To Expect From Fed’s FOMC Meeting

The Fed’s policy meeting that will end tomorrow is posing a problem for [...]

Posted on Tuesday, 27 Jul, 2021 / 12:21 under

Turmoil in China but broader market mood steady

  Freefall in Chinese stocks enters third day but rest of Asia takes [...]

Posted on Tuesday, 27 Jul, 2021 / 10:04 under