By ForexMansion.com
The AUD/NZD pair continued to trade within a specific range over the past week due to the recovery of each of the two currencies against the U.S. dollar. Forecasts continue to indicate that trading will be within a narrow range during the coming period due to increased demand for high yielding currencies.
The confidence returns in financial markets once again increased the demand for high yielding currencies such as the AUD and NZD, along with crude oil and gold prices fluctuation, which drove the pair to trade in a sideway manner.
On Monday The Australian economy will release its ANZ job advertisements reading for the month of April at 01.30 GMT, note that ANZ Job Advertisements Series, which shows the total number of jobs advertised in major metropolitan newspapers and on the internet, while the previous reading was the tenth consecutive month rise in total job advertisements.
This data has a strong impact on the pair, where the pair will incline if the economy recorded its tenth rise
The New Zealand economy will issue ANZ commodity price index for the month of March at 03:00 GMT, where the previous reading was at 2.7%.
Originally posted here
