1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

Sell AUD/NZD ahead of the RBA - Credit Suisse

Discussion in 'Technical Analysis' started by ForexLive, Oct 6, 2015.

  1. ForexLive

    ForexLive Forum Member

    Joined:
    Sep 2, 2015
    Messages:
    14,074
    Likes Received:
    1
    The break of 1.09 in AUD/NZD led to a trade recommendation from Credit Suisse. They said the break of the important level should open out scope for "at least" a test of 1.0750.

    "We expect a good dairy auction outcome in NZ this week to provide an additional NZD supportive catalyst. Meanwhile, we see a chance that the RBA's statement may echo the more dovish tone on China's growth outlook of the last set of minutes," they write.

    The RBA decision is due at 0330 GMT and all 27 economists polled by Bloomberg expect no change in the 2.00% rate.

    Read full forex technical analysis here...
     

Share This Page