All Things Forex Trading Room: AUD and NZD: Is the Thunder from “Down Under” Over?

In the trading room today: AUD and NZD: Is the Thunder from “Down Under” Over? Following the better than expected employment reports from Australia and New Zealand, we take a close look at the AUD and the NZD and ponder if the currencies “down under” will be able to regain their bullish momentum, we analyze the latest trend developments in the AUD/USD and NZD/USD currency pairs, we examine the range in the EUR/USD pair, we note the failure of the GBP/USD currency pair to break above an important resistance level, we highlight the market’s reaction to the Bank of England interest rate announcement, the Australian and the New Zealand Employment and Unemployment Rate, the UK Industrial Production, and the US Jobless Claims, we discuss new forecasts from Bank of New York-Mellon and Credit Agricole, and prepare for the trading session ahead.

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