确认您不是来自美国或菲律宾

在此声明,本人明确声明并确认:
  • 我不是美国公民或居民
  • 我不是菲律宾居民
  • 本人没有直接或间接拥有美国居民10%以上的股份/投票权/权益,和/或没有通过其他方式控制美国公民或居民。
  • 本人没有直接或间接的美国公民或居民10%以上的股份/投票权/权益的所有权,和/或受美国公民或居民其他任何方式行使的控制。
  • 根据FATCA 1504(a)对附属关系的定义,本人与美国公民或居民没有任何附属关系。
  • 我知道做出虚假声明所需付的责任。
就本声明而言,所有美国附属国家和地区均等同于美国的主要领土。本人承诺保护Octa Markets Incorporated及其董事和高级职员免受因违反本声明而产生或与之相关的任何索赔。
我们致力于保护您的隐私和您个人信息的安全。我们只收集电子邮件,以提供有关我们产品和服务的特别优惠和重要信息。通过提交您的电子邮件地址,您同意接收我们的此类信件。如果您想取消订阅或有任何问题或疑虑,请联系我们的客户支持。
Octa trading broker
开通交易账户
Back

AUD/NZD tumbles after Australian GDP data reaches lows since March

  • On Wednesday, the AUD/NZD dropped significantly, reaching its lowest level since March around 1.0740.
  • Australian Q1 GDP growth was reported slightly below expectations, signaling a slowdown in the economy.
  • The RBA is set to keep an eye on inflation, which might be the primary focus for monetary policy decisions.

The AUD/NZD continued its bearish trajectory on Wednesday, declining to its lowest level since March, registered at around 1.0740 amid the newly released Australian Gross Domestic Product (GDP) Q1 data.

In Australia, reported Q1 GDP figures came in slightly below market anticipations, with sluggish growth of 0.1% QoQ below the predicted 0.2%, indicating a moderated pace in the economy. Also, the YoY rate landed at 1.1%, lower than the projected figure and down from the corrected 1.6% in Q4 of the previous year. Furthermore, recent services and composite PMI readings for May appeared softer than preliminary estimates.

Despite these developments, the RBA, accentuated by Governor Michele Bullock, is likely to maintain its attention on bringing inflation back to its target. In that sense, future monetary policy decisions are probably more influenced by this goal rather than short-term economic oscillations. While tightening monetary policy was a point of discussion in the last meeting, investors took those off the table those odds and for the next meeting in June are just seeing around 30% odds of a cut.

AUD/NZD technical analysis

The technical outlook has further deepened into bearish territory. However, the daily Relative Strength Index (RSI) showed oversold conditions, indicating a potential upward correction may be on the horizon. This is further supported by the Moving Average Convergence Divergence (MACD), which shows a reduction in red bars, confirming the potential of an uptrend.

As the bearish trend persists with the pair below its 20,100 and 200-day Simple Moving Averages (SMAs) and in multi-month lows, the focus will be whether the downward trend continues or an upward correction happens.

AUD/NZD daily chart

AUD/NZD

Overview
Today last price 1.0739
Today Daily Change -0.0026
Today Daily Change % -0.24
Today daily open 1.0765
 
Trends
Daily SMA20 1.0885
Daily SMA50 1.0915
Daily SMA100 1.0818
Daily SMA200 1.0807
 
Levels
Previous Daily High 1.0812
Previous Daily Low 1.0756
Previous Weekly High 1.0852
Previous Weekly Low 1.0806
Previous Monthly High 1.1028
Previous Monthly Low 1.0806
Daily Fibonacci 38.2% 1.0778
Daily Fibonacci 61.8% 1.0791
Daily Pivot Point S1 1.0744
Daily Pivot Point S2 1.0722
Daily Pivot Point S3 1.0687
Daily Pivot Point R1 1.08
Daily Pivot Point R2 1.0834
Daily Pivot Point R3 1.0856

 

 

Forex Today: Markets’ attention shifts to the ECB

The Greenback extended its weekly recovery and added to Tuesday’s advance despite the mixed tone of US yields across the curve, as investors started to price in two interest rate cuts by the Fed this year.
了解更多 Previous

USD/JPY Price Analysis: Erases previous-day losses and climbs above 156.00

The USD/JPY recovered some ground and advanced towards the top of the Ichimoku Cloud (Kumo) on Wednesday, gaining some 0.79% and trading at 156.11 at the time of writing.
了解更多 Next