AUDNZD - extension in wave (iii)

FX:AUDNZD   Australian Dollar/New Zealand Dollar
There's a possible extension of wave ( iii             ), so bulls are likely going to deliver a new high soon.
Subscribe to my channels
Telegram: https://telegram.me/WaveTrading
WhatsApp: Create a new contact for number +49 1579 2373985. Send "Start" to this contact via WhatsApp.
Watch the latest WaveTrading (30/OCT/2016) https://youtu.be/emH7sVVr9pM
2 months ago
Reserve Bank of Australia (RBA) is likely to keep monetary policy unchanged this year, while another 25bp rate cut is still expected in New Zealand. Earlier this week, RBA governor Lowe said that the RBA is not an ‘inflation nutter’ and some degree of variability in inflation is inevitable and appropriate. This has raised the hurdle rate of policy easing in the coming months even if inflation in the third quarter remains below the RBA’s 2-3% target range. On the other hand, the Reserve Bank of New Zealand reiterated that further policy easing will be required to ensure that future inflation settles near the middle of their target range.

As monetary policy divergence in Australia and New Zealand is not fully priced in by financial markets, it is likely that AUD/NZD will continue to grind higher towards 1.07 in the coming weeks.

Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out