Trading Outlook – AUD/NZD

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Originally updated: 07:45am

Currency Pair: AUD/NZD

Sentiment: Bearish

Market focus:

In today’s trade set up we will be focussing on short term selling opportunities on the AUD/NZD.


The kiwi rallied overnight after a surprisingly less dovish tone from RBNZ Governor Graeme Wheeler who said there is potential for future rate increases at a later stage. Looking over to Australia, we had what appeared to be good employment numbers, however the numbers were mostly made up of part time jobs, which caused gains to be pared.


I expect this pair to continue its down move during the session, eventually hitting 1.0550. If the market does retrace back up then there is a nice confluence zone of resistance that traders could use as a reference to sell from again.

The confluence zone is at 1.0755-1.0770

Stop loss could be placed at 1.0805

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Source:: Trading Outlook – AUD/NZD

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Jarratt Davis is the world’s ranked #2 (2008-2013) Forex Trader by Barclays FX Hedge Index, following years of mastering his art as a self employed trader Jarratt has now entered the field of education and delivers the most robust Forex education package on the market. Jarratt’s mentorship is one of the only programs on the market that is conducted by a verified professional trader. Forex Alchemy readers can get the FREE mini course where Jarratt gives away some of his secrets to success by Clicking Here... [space height="20"] [social type="facebook"][/social] [social type="twitter"][/social] [social type="google-plus"][/social] [social type="youtube"][/social]

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