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1 Aug 2014
AUD/NZD main focus, stops below 1.0925 - FXWW
FXStreet (Bali) - According to Sean Lee, Founder at FXWW, AUD/NZD should be again the main focus in Asia, with stops reported below 1.0925.
Key Quotes
"There has been plenty of focus on the crosses over the last few sessions with AUD/NZD hogging the limelight yesterday during Asian trade and EUR/GBP taking over the mantle during the London session."
"I expect the AUD/NZD to again be the main focus, with stops reported below 1.0925 and of course some risk events most notably the HSBC version of Chinese manufacturing PMI. My AUD/NZD bias remains heavily bearish."
"There is large optionality at .9250 in the AUD/USD and that level is likely to act like a magnet over the next 3 sessions. NZD/USD looks quite comfortable around .8500 and I’d expect the market to continue to consolidate around here."
Key Quotes
"There has been plenty of focus on the crosses over the last few sessions with AUD/NZD hogging the limelight yesterday during Asian trade and EUR/GBP taking over the mantle during the London session."
"I expect the AUD/NZD to again be the main focus, with stops reported below 1.0925 and of course some risk events most notably the HSBC version of Chinese manufacturing PMI. My AUD/NZD bias remains heavily bearish."
"There is large optionality at .9250 in the AUD/USD and that level is likely to act like a magnet over the next 3 sessions. NZD/USD looks quite comfortable around .8500 and I’d expect the market to continue to consolidate around here."