The NZDUSD is going the other way vs the greenback on the back of weaker confidence

Moves back toward the 50% and key swing area
The NZDUSD is bucking the trend vs the USD today. Whereas the EUR and GBP are higher, the NZD is lower vs the greenback. Hurting the kiwi, was ANZ business confidence which plummeted to -39.3 from -10.1 last…

The post The NZDUSD is going the other way vs the greenback on the back of weaker confidence appeared first on Forex news forex trade.

Continue reading

Forex technical analysis: AUDUSD is moving toward some key resistance after China

Looks to test 38.2% and 200 hour MA
The AUDUSD has moved higher after the better than expected China manufacturing/non-manufacturing PMI data.
The pair is trading up about 14 pips at 0.7584. The 38.2% of the move down from the November 27th high comes …

The post Forex technical analysis: AUDUSD is moving toward some key resistance after China appeared first on Forex news forex trade.

Continue reading