Bolstered by a rally in commodities, improved manufacturing data and employment levels in Australia, the economy is doing very well. In fact, it has been the best performing economy among developed nations outside Europe. However, the appreciating AUD is undermining this strong economic performance, dragging the country down and hampering growth. It is in the...
This Wednesday we have RBNZ's Official Cash Rate and Rate Statement. Will this news event give the signal for a bearish move to sub 0.7 levels? I can see price do a number of things by Wednesday. Already anticipating bad NZD news and break lower to 0.6680 region slowly moving towards the lower trend line which then breaks upon the news Staying around...
Strong channel breakout with decent volume. Beginning of multi-year uptrend?