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AUDNZD: Topped Out or Just Taking a Breather? Mar
18
2010
AUDNZD: Topped Out or Just Taking a Breather?
There is little doubt that from a fundamental perspective the Australian dollar is much stronger than its New Zealand counterpart. For the last two weeks however AUD has been losing ground to NZD, but AUDNZD has begun to bounce off of former resistance at 1.2850. Will the pair begin to trekking upward again now? I don’t believe so. The problem is that New Zealand is set to raise interest rates in the next few months, [...]
Tags: david-leal | analysis | aud | forex | fundamental | nzd | strategy | technical
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