20 Feb 2015
AUD and NZD outlook – Westpac
FXStreet (Barcelona) - David Coloretti of Westpac gives the outlook for AUD/USD, NZD/USD and AUD/NZD.
Key Quotes
"AUD/USD: A new recent high was not maintained. Below 0.7876 the MT downtrend remains in play. Risk is lower today toward 0.7750/60."
"NZD/USD: Upward correction failed to overcome 0.7600/25, keeping the MT downtrend in play. Break of 0.7502 is a ST negative trigger."
"AUD/NZD: LT support at 1.0300/50 was tested and held, producing a bullish daily candle as momentum fades. Support should continue to hold."
Key Quotes
"AUD/USD: A new recent high was not maintained. Below 0.7876 the MT downtrend remains in play. Risk is lower today toward 0.7750/60."
"NZD/USD: Upward correction failed to overcome 0.7600/25, keeping the MT downtrend in play. Break of 0.7502 is a ST negative trigger."
"AUD/NZD: LT support at 1.0300/50 was tested and held, producing a bullish daily candle as momentum fades. Support should continue to hold."