Posts Tagged ‘Signs’
NZD/USD Channel At Risk As Growth Signs Dim
NZD/USD Channel At Risk As Growth Signs Dim
The New Zealand dollar erased the majority of its gains on the week today weighed by dovish comments from RBNZ Governor Bollard and disappointing U.S. data. Weaker than expected manufacturing data and a rise in initial jobless claims above a half million, sparked a flight to safety, punishing the high yielder.
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Signs of an Australian Dollar Reversal
The potential remains for a double top with the November 2009 high at 9400. The stars may be aligning for an AUDUSD reversal.
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