{"id":59765,"date":"2014-09-03T08:55:04","date_gmt":"2014-09-03T12:55:04","guid":{"rendered":"http:\/\/countingpips.com\/?p=59765"},"modified":"2014-09-03T09:07:28","modified_gmt":"2014-09-03T13:07:28","slug":"aussie-rallies-against-kiwi-as-economy-expands","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/09\/aussie-rallies-against-kiwi-as-economy-expands\/","title":{"rendered":"Aussie Rallies against Kiwi as Economy Expands"},"content":{"rendered":"<div id=\"inves-3346763391\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">September 3, 2014<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>Technical Sentiment: <span style=\"color: #008000;\"><strong>Bullish<\/strong><\/span><\/p>\n<p><strong>Key Takeaways<\/strong><\/p>\n<ul>\n<li>Australia GDP rose 0.5% in the previous quarter, slightly above expectations;<\/li>\n<li>RBA Gov Stevens triggered a bullish response for the domestic currency;<\/li>\n<li>Kiwi received a strong blow on Tuesday when the Global Diary Trade Price Index fell 6%.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><em>Recent events sparked sufficient buying interest for AUD\/NZD, triggering a bullish break-out outside the boundaries set by its recent 6-day range.<\/em><\/p>\n<p><em>\u00a0<\/em><\/p>\n<p><strong>Technical Analysis<\/strong><\/p>\n<p style=\"text-align: justify;\">AUD\/NZD has been stuck in a relatively tight range since last week of August, after two consecutive failures to rally above 1.1190 yearly pivot line. On Monday traders were focusing more on the support area, priced at 1.1125 near the 50 Simple Moving Average on 4H timeframe, when NZD was sold-off across the board after as Global Diary Trade Price Index fell 6%. During the Asian session, AUD\/NZD rallied above 1.1200 in the early hours of the European Session, confirming market intentions to seek a Higher High in the coming days.<\/p>\n<p><a href=\"http:\/\/capitaltrustmarkets.com\/wp-content\/uploads\/2014\/09\/AUDNZD2ndSeptember.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-6218\" src=\"http:\/\/capitaltrustmarkets.com\/wp-content\/uploads\/2014\/09\/AUDNZD2ndSeptember.png\" alt=\"AUDNZD2ndSeptember\" width=\"700\" height=\"344\" \/><\/a><\/p>\n<p>Stochastic shows overbought conditions on both 4H and Daily; however this is neither new information or relevant while price action lacks bearish signals. On 4H, MACD shows a negative divergence compared with the pair\u2019s Higher Highs, possibly warning that this is the last bullish wave before a deeper correction takes place.<\/p><div id=\"inves-2865690378\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<p>With AUD\/NZD currently trading above 1.1210, buyers are eyeing the next areas of interest, starting with 1.1300 (1-year old price pivot zone), with a potential extension up to 1.1430\/35 if fundamentals allow it.<\/p>\n<p>*********<br \/>\nPrepared by Alex Z., Chief Currency Strategist at <a href=\"http:\/\/www.capitaltrustmarkets.com\/\">Capital Trust Markets<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Technical Sentiment: Bullish Key Takeaways Australia GDP rose 0.5% in the previous quarter, slightly above expectations; RBA Gov Stevens triggered a bullish response for the domestic currency; Kiwi received a strong blow on Tuesday when the Global Diary Trade Price Index fell 6%. Recent events sparked sufficient buying interest for AUD\/NZD, triggering a bullish break-out [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-59765","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/59765","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=59765"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/59765\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=59765"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=59765"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=59765"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}