Thursday, 28 January 2016
AUDNZD Technical Analysis: 28 January 2016, Thursday, 11.55am Singapore Time
AUDNZD Technical Analysis:
28 January 2016, Thursday, 11.55am Singapore Time
Attached above is the daily chart of the AUDNZD.
Chinese government's attempt to fend off the financial crocodiles from the Chinese Stock Market will cause AUD to benefit more than NZD, the blood brother of AUD, ceteris paribus (assuming all other factors remaining constant).
This pair becomes a good trade to price in the future event which is going to come.
Markets will be executing a "buy AUDNZD first, talk later", akin to buy on speculation before news, sell on news.
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