AUSSIE X KIWI Range

Hey Mates,

As far as it gets now we could find a nice consolidation followed by 2 important trend lines on this pair. take a look at chart bellow:

The first trend line is an main trend of upside that came from March 2014 it has been respected all times was touched but as I mentioned is a consolidation so the market has to make a decision from here or it will go up or down
The second is a trend line of middle term from bears on this market... you can see it was broken yesterday a bit and today the lower prices were rejected again however its still a consolidation.

Fundamentally speaking The New Zealand economy has been suffering as same as Australia both are commodities exporters so they are at same boat even though as advanced economies they suffer from decline in commodities prices around the globe.

New Zealand apart from it has increased its interest rate since last year pushing the Kiwi Dollar up and advancing its strategy for when the usa increase rates. But They are facing a problem cause actually Inflation dropped and they will be forced to retain interest rates on hold otherwise could create another problem in long term.

Australia in the other hand is hardly affected by commodities more than NZ so both are in a bad shape but as long as Au is a bigger economy with more historical strength I believe it will surpass and recover better than NZ in long term that's why I would consider go long Aud against Nzd but it's risky and tomz could give us a better picture of the real direction from this market but I'm bullish Aud Indeed.

See u Soon