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14 Jan 2015
AUD/NZD through 20 EMA and stalling
FXStreet (Guatemala) - AUD/NZD is currently trading 1.0553 at with a high 1.0564 and a low of 1.0550, down 0.03% on the day so far.
AUD/NZD has been under demand while the Aussie held up very well overnight in European and US markets given the drop in key commodities and volatility in the equity space. The cross has been up through the mid point of the 1.05 handle and crossed the EMA 20.
Meanwhile, we are waiting for the NZD REINZ house price index and keeping in mind the strong and buoyant housing market in the New Zealand economy that has aided the requirement of the RBNZ to consider rate hikes. Moreover, next week's CPI data will be under the spotlight as well.
AUD/NZD has been under demand while the Aussie held up very well overnight in European and US markets given the drop in key commodities and volatility in the equity space. The cross has been up through the mid point of the 1.05 handle and crossed the EMA 20.
Meanwhile, we are waiting for the NZD REINZ house price index and keeping in mind the strong and buoyant housing market in the New Zealand economy that has aided the requirement of the RBNZ to consider rate hikes. Moreover, next week's CPI data will be under the spotlight as well.