AUD/USD, NZD/USD: The Sinking Antipodes; What’s The Trade? – TD

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The sell-offs in financial markets are beginning to bite the risk currencies. Both the Australian and the New Zealand dollars are under growing pressure. What is the trade?

Here is their view, courtesy of eFXnews:

TD Research discusses AUD and NZD outlook and notes that a mix of negative risk sentiment, reticent central banks, and softer data momentum have battered the 2 currencies.

Over the coming days, we see the dollar bloc as best placed to stage a deeper correction, notably as the near-term picture has improved for the greenback.

Outright shorts against the buck should work, but we also like short exposure to the EUR, JPY and even GBP, as the BoE delivered a hawkish message this morning,” TD advises.

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Yohay Elam – Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I’ve accumulated. After taking a short course about forex. Like many forex traders, I’ve earned the significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I’ve worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.

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