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Thread: AUD/NZD outlook

  1. #1

    Default AUD/NZD outlook

    As noted before, while European currencies are generally weak, AUD and NZD are relatively resilient so far. Comparing the two, NZD seems to be even stronger. Last week's sharp fall in AUD/NZD confirmed that rise fro 1.1925 has completed at 1.2836 already, on mild bearish divergence conditions in daily MACD and RSI. We'd anticipate deeper fall in the cross to 61.8% retracement of 1.1925 to 1.2836 at 1.2273 and possibly below. In other words, we'd expect Kiwi to outperform the Aussie in near term.[Written by actionforex]

    "P&F AUDNZD1440 Box Size 80X5 or(3.42%) CLOSED
    Data 1.2904 - 1.0463 ~ 91 Month ~ 2799 Day
    Database 2002 records 1.24516 (Last Close)
    2002-05-02 00~00
    2009-12-30 00~00
    (GMT+01:00) Paris
    BJF Trading Group chart"

    1.2880|~8O|||____________________X__________|0.19% |23.1%
    1.2800|~16O||____________________Xo__X_X____|0.81% |22.34%
    1.2720|~24O||====================Xo==XoXo==X|1.43% |21.57%
    1.2640|~32O||____________________Xo__XoXoX_X|2.05% |20.81%
    1.2560|~4OO||____________________Xo__XoXoXoX|2.67% |20.04%
    1.2480|~48O||____________________Xo__XoXoXoX|3.29% |19.28%
    1.2400|~56O||______________X_____Xo__XoXoXoX|3.91% |18.51%
    1.2320|~64O||____________X_Xo____Xo__XoXo_oX|4.53% |17.75%
    1.2240|~72O||____________XoXo____XoX_XoX__oX|5.15% |16.98%
    1.2160|~8OO||____________XoXo____XoXoXoX__oX|5.77% |16.22%
    1.2080|~88O||____________XoXo____XoXoXo___oX|6.39% |15.45%
    1.2000|~96O||============XoXo==X=XoXoX====o=|7.01% |14.69%
    1.1920|~1O4O|_o__________XoXo__XoXoXoX______|7.63% |13.93%
    1.1840|~112O|Xo__________XoXo__XoXo_oX______|8.25% |13.16%
    1.1760|~12OO|XoX___X_____Xo_o__XoX__oX______|8.87% |12.4%
    1.1680|~128O|_oXo__Xo____X__o__XoX__oX______|9.49% |11.63%
    1.1600|~136O|_oXoX_Xo____X__oX_XoX__oX______|10.11 %|10.87%
    1.1520|~144O|_oXoXoXo____X__oXoXoX__oX______|10.73 %|10.1%
    1.1440|~152O|_oXoXoXo____X__oXoXoX__oX______|11.35 %|9.34%
    1.1360|~16OO|_o_oXoXo____X__oXoXoX__oX______|11.97 %|8.57%
    1.1280|~168O|___oXoXo____X__oXoXoX__oX______|12.59 %|7.81%
    1.1200|~176O|___oXoXo____X__o_oXo___oX______|13.21 %|7.04%
    1.1120|~184O|___oXoXo__X_X____oX____oX______|13.83 %|6.28%
    1.1040|~192O|___oXo_oX_XoX____oX____oX______|14.45 %|5.51%
    1.0960|~2OOO|___oX__oXoXoX____oX____oX______|15.07 %|4.75%
    1.0880|~2O8O|___oX__oXoXoX____o_____oX______|15.69 %|3.99%
    1.0800|~216O|___oX__oXoXoX__________o_______|16.31 %|3.22%
    1.0720|~224O|___oX__oXoXoX__________________|16.92 %|2.46%
    1.0640|~232O|___o___oXoXoX__________________|17.54 %|1.69%
    1.0560|~24OO|_______oXo_oX__________________|18.16 %|0.93%
    1.0480|~248O|_______o___oX__________________|18.78 %|0.16%
    1.0400|~256O|___________o___________________|19.4% |-0.6%
    Column|~264O|2851179176792781591121512996489|
    Count||~272O|___42__6____4__5__4O13_85______|
    BJF Trading Group|FOREX MetaTrader Expert Advisors

  2. #2

    Default

    AUD/NZD extended the correction from 1.3210 and dipped to as low as 1.2873 so far. Some more down would possibly be seen in the cross in near term as correction extends further towards 50% retracement of 1.2408 to 1.3120 at 1.2764 and the development will possibly limit Aussie's gain against Dollar and Yen. Nevertheless, we'd expect the correction to end near to 1.2764 and by then Aussie will start to outperform Kiwi again.

    "P&F AUDNZD1440 Box Size 90X5 or(3.82%) HI/LO
    Data 1.3121 - 1.0432 ~ 92 Month ~ 2799 Day
    Database 2001 records 1.29087 (Last Close)
    2002-07-18 00~00
    2010-03-17 00~00 (GMT+01:00) Paris
    BJF Trading Group chart"

    1.3050|~9O|||_____________________________________ _________x_|0.54%|25.1%
    1.2960|~18O||__________________________x__________ _________x_|1.23%|24.23%
    1.2870|~27O||__________________________x_o________ _x___x___x_|1.91%|23.37%
    1.2780|~36O||__________________________x_o________ _x_o_x_o_x_|2.6%|22.51%
    1.2690|~45O||__________________________x_o________ _x_o_x_o_x_|3.28%|21.64%
    1.2600|~54O||__________________________x_o________ _x_o_x_o_x_|3.97%|20.78%
    1.2510|~63O||__________________________x_o________ _x_o_x_o_x_|4.66%|19.92%
    1.2420|~72O||______________x___x_______x_o________ _x_o_x_o_x_|5.34%|19.06%
    1.2330|~81O||______________x_o_x_o_____x_o________ _x_o_x_o_x_|6.03%|18.19%
    1.2240|~9OO||______________x_o_x_o_____x_o_____x__ _x_o_x_o_x_|6.71%|17.33%
    1.2150|~99O||______________x_o_x_o_____x_o_____x_o _x_o_x_o_x_|7.4%|16.47%
    1.2060|~1O8O|______________x_o_x_o_x___x_o_____x_o _x_o___o_x_|8.09%|15.61%
    1.1970|~117O|______________x_o_x_o_x_o_x_o_____x_o _x_____o___|8.77%|14.74%
    1.1880|~126O|______________x_o_x_o_x_o_x_o_____x_o _x_________|9.46%|13.88%
    1.1790|~135O|__x___x_______x_o___o_x_o_x_o_____x_o _x_________|10.14%|13.02%
    1.1700|~144O|__x_o_x_o_____x_____o_x_o_x_o_____x_o ___________|10.83%|12.15%
    1.1610|~153O|o_x_o_x_o_____x_____o_x_o_x_o_____x__ ___________|11.52%|11.29%
    1.1520|~162O|__x_o_x_o_____x_____o_x_o_x_o_____x__ ___________|12.2%|10.43%
    1.1430|~171O|__x_o_x_o_____x_____o_x_o_x_o_x___x__ ___________|12.89%|9.57%
    1.1340|~18OO|__x_o_x_o_____x_____o_x_o_x_o_x_o_x__ ___________|13.57%|8.7%
    1.1250|~189O|____o_x_o_____x_____o_x_o_x_o_x_o_x__ ___________|14.26%|7.84%
    1.1160|~198O|____o_x_o_x___x_____o_x_o___o_x_o_x__ ___________|14.95%|6.98%
    1.1070|~2O7O|____o_x_o_x_o_x_____o_x_____o_x_o_x__ ___________|15.63%|6.12%
    1.0980|~216O|____o_x_o_x_o_x_____o_______o_x_o_x__ ___________|16.32%|5.25%
    1.0890|~225O|____o_x_o_x_o_x_____________o_x_o____ ___________|17%|4.39%
    1.0800|~234O|____o_x_o_x_o_x_____________o_x______ ___________|17.69%|3.53%
    1.0710|~243O|____o___o_x_o_x_____________o________ ___________|18.38%|2.66%
    1.0620|~252O|________o_x_o_x______________________ ___________|19.06%|1.8%
    1.0530|~261O|____________o_x______________________ ___________|19.75%|0.94%
    1.0440|~27OO|____________o________________________ ___________|20.43%|0.08%
    1.0350|~279O|_____________________________________ ___________|21.12%|-0.79%
    Column|||||||1_6_1_1_1_7_8_2_7_7_1_1_1_2_2_8_6_1_6 _1_9_9_1_1_|
    Count|~297O||____2_2_3_____2_____6_2_0_0_5_____5__ _3_____0_2_|




    BJF-Trading-Group_Excel_Chart
    BJF Trading Group|FOREX MetaTrader Expert Advisors

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