Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

AUD Struggles Against NZD, Markets Likely To Push SGD Higher Against JPY

Published 07/10/2014, 05:48 AM
Updated 05/14/2017, 06:45 AM

AUD/NZD

AUD/NZD

The Australian dollar continues to struggle on the charts and against the NZD. After today’s weak unemployment data it has fallen so far as to almost touch the current bullish trend line and a pullback from the level is certainly on the cards. Markets will be watching to see if thechannel holds and if a pullback is a possibility.

SGD/JPY

SGD/JPY

The SGD/JPY triangle is holding fast, but a breakout is on the cards in the future, and markets will be looking to push the SGD higher against the Yen, as it looks to make grounds on any sign of Japanese weakness. Any bullish play should look to catch momentum outside the triangle with a tight stop loss as a fake breakout is easily a possibility on the charts.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.