Update on NZD GDP and AUD Employment
After about 12-16 hours of choppy price action and downside movement, the AUD and especially the NZD finally appear to be moving back up off the positive news from yesterday as I had mentioned last night. I am more confident on the NZD because the underlying fundamentals are better, but the AUD will likely benefit as well as the positive employment news pushes back the RBA from rate cuts anytime soon. Also, the GBP looks to have made the end of a trend on most of pairs weekly time frame. I will be waiting for corrections up to get short on the GBP. Be patient and wait for the set ups as GBP corrections can be quite deep. Good luck!
After about 12-16 hours of choppy price action and downside movement, the AUD and especially the NZD finally appear to be moving back up off the positive news from yesterday as I had mentioned last night. I am more confident on the NZD because the underlying fundamentals are better, but the AUD will likely benefit as well as the positive employment news pushes back the RBA from rate cuts anytime soon. Also, the GBP looks to have made the end of a trend on most of pairs weekly time frame. I will be waiting for corrections up to get short on the GBP. Be patient and wait for the set ups as GBP corrections can be quite deep. Good luck!