Forex Flash: AUD/USD to range back higher towards 1.03 - Nomura

AUD/USD technicals favour a bullish move followed by ranging action in the AUD/USD this week, the Nomura FX team notes; "spot failed to follow through on downside moves through 1.0200, also bandwidth is very low, indicating that spot is likely to range. Hence, we expect spot to retrace the range back higher, target at 1.0300 (above 20D SMA)..."

Mar 12, 2013

Forex Flash: AUD/NZD looking at 1.2650 - ANZ

With AUD/NZD last at 1.2450, off Friday's 1-month highs at 1.2484, 50% Fibo retrace of daily down leg 1.2831/1.2137, ANZ bank is looking “to re-instigate AUD/NZD longs at 1.2440, targeting a move to 1.2650,” the analysts say, setting “a stop at 1.2330 (we took profit on our long AUD/NZD trade at 1.2470, instigated 19 February at 1.2240).”

Forex Flash: RBA expected to cut by 50bp vs 75bp - NAB

The NAB is retracting from its RBA 75bp rate cut this year by cutting back 25bp on the projections, to now call for only two further 25 bps cuts for a cumulative 50bps.