Although we are not keen to open a new trade position yet, we thought it might be useful to provide some analysis for the Aussie, just because we enjoy doing it. So here goes!
Current momentum for Aussie is definitely bearish, although recent unemployment data has been much better then expected. However the low commodity prices is putting a cap on the AUD,...
To recap the movement for EURNZD last week, the pair traded lowerafter a bearish pinbar on the weekly chart from the previous week as the EUR remains pretty much weaker, after the Fed raised rates and economic figures from Europe came in mixed.
Monday and Tuesday saw the EUR/NZD trade lower, after which traded pretty much sideways as commodity currencies took a...
