HomeForex MarketEach day Foreign exchange Information and Watchlist: AUD/NZD

Each day Foreign exchange Information and Watchlist: AUD/NZD

The following buying and selling periods are gentle on financial knowledge releases however that doesn’t imply we received’t see volatility!

I’m testing AUD/NZD’s vary assist right this moment. Will the pair bounce from a longtime assist zone?

Earlier than shifting on, ICYMI, I’ve listed the potential financial catalysts that that you must be careful for this week. Test them out earlier than you place your first trades right this moment!

And now for the headlines that rocked the markets within the final buying and selling periods:

Recent Market Headlines & Financial Knowledge:

ECB President Lagarde hinted {that a} July price hike is probably going

AUD regular as Labor claims victory within the federal election

Beijing sees most instances this outbreak; lockdown angst-fueled

Rightmove: U.Ok. home costs have soared by a ‘record-breaking’ £55,000 for the reason that pandemic started

Crude oil greater on tight provide, potential demand of U.S. driving season

Greenback slips as China rekindle development hopes

Canadian markets out on Victoria Day vacation
BOE Gov Bailey to take part in a panel dialogue in Vienna at 2:15 pm GMT
NZ quarterly retail gross sales at 10:45 pm GMT
AU flash manufacturing and providers PMIs at 11:00 pm GMT
Japan’s flash manufacturing at 12:30 am GMT (Could 24)
BOJ’s core CPI at 5:00 am GMT (Could 24)

Use our new Forex Warmth Map to rapidly see a visible overview of the foreign exchange market’s worth motion! 🔥 🗺️

What to Watch: AUD/NZD

AUD/NZD 1-hour Foreign exchange Chart

Asian session buying and selling was gentle on financial knowledge releases right this moment however volatility remained alive due to merchants taking up extra dangers.

USD misplaced pips in opposition to its main counterparts due to a little bit of optimism over Shanghai easing out of lockdown and the Individuals’s Financial institution of China (PBoC) unexpectedly slicing its charges final week.

The danger-friendly theme would possibly get AUD and NZD bulls shifting this week. I’m AUD/NZD, which is testing the underside of a variety that hasn’t been damaged for the reason that begin of the month.

Stochastic is presently favoring one other vary assist bounce because it hangs out within the oversold territory.

Before you purchase AUD/NZD like there’s no tomorrow, take notice that the Reserve Financial institution of New Zealand (RBNZ) is anticipated to lift its rates of interest by as a lot as 50 foundation factors later this week.

Expectations of a hawkish RBNZ determination might drag AUD/NZD to its 1.0940 earlier lows.

But when merchants proceed to purchase AUD on account of its connections to China’s economic system, or if merchants anticipate peak hawkishness from RBNZ this week, then AUD/NZD’s vary assist might maintain and encourage a bounce to the mid-range or vary resistance ranges.

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