2 Jul 2013
Flash: NZD/USD and AUD/USD Technicals - Nomura
FXstreet.com (London) - Saeed Amen gives his opinions on NZD and AUD technically.
NZD/USD technicals are bearish. He keeps his bearish view. RSI has barely bounced suggesting the previous move upward had not been accompanied by much momentum. Also spot had struggled above 0.7800. Bandwidth is fairly static, which favours a retracement within the range back lower. Our target is 0.7700
(bottom of the recent range).
AUD/USD technicals are bearish for next week and ranging. He keeps his bearish view. RSI did bounce but appears to have topped at very low levels. The recent doji suggests that we could see a further move lower. With bandwidth is quite static, and a retracement within the range lower seems likely. His near term target is 0.9100 (lower Bollinger band).
NZD/USD technicals are bearish. He keeps his bearish view. RSI has barely bounced suggesting the previous move upward had not been accompanied by much momentum. Also spot had struggled above 0.7800. Bandwidth is fairly static, which favours a retracement within the range back lower. Our target is 0.7700
(bottom of the recent range).
AUD/USD technicals are bearish for next week and ranging. He keeps his bearish view. RSI did bounce but appears to have topped at very low levels. The recent doji suggests that we could see a further move lower. With bandwidth is quite static, and a retracement within the range lower seems likely. His near term target is 0.9100 (lower Bollinger band).