AUD/NZD: Weak weekly close will usher in another test of parity

After chopping sideways for the last 4 weeks, the AUD/NZD cross seems to have made it’s mind up and we are headed lower again. A weekly close below 1.0350 would be another indicator for the technically-minded that we are indeed heading for another parity party.

If NZD/USD can make fresh recent highs above .7290 and post a strong weekly close, that will also add bearish fuel to the AUD/NZD fire.

The question then becomes, will AUD/NZD get to parity before cable!!

The post AUD/NZD: Weak weekly close will usher in another test of parity appeared first on www.forextell.com.

Leave a Reply