More from FXstreet.com

Forex Flash: AUD/NZD, move back to 1.30 as tactical call - TD Securities

By FXstreet.com,  October 25, 2012, 06:13:00 PM EDT

FXstreet.com (Barcelona) - AUD/NZD is still expected to move higher as we approach year end, says TD Securities Strategist Alvin Pontoh. "Our official forecast is 1.27 but a move to 1.30 in the next month or two remains our tactical call after the cross breached a key 50-day MA resistance line that is historically a reliable signal of further appreciation" the Mr. Pontoh notes. Fundamentally, TDS favours the RBA being on hold until early 2013, with the market having somehow overpriced too aggressive rate cut expectations, Mr. Pontoh notes. " Our expectation is for the RBA to puts out a more neutral stance next month."




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

Referenced Stocks:



Latest News Video

Paramedic Displaced by Tornado Joins Rescue Team
Paramedic Displaced by Tornado Join...
Oklahoma Hospitals Prepare for More Survivors
Oklahoma Hospitals Prepare for More...
Frantic Search for Tornado Survivors
Frantic Search for Tornado Survivor...
Amazing: Rider Jumps Rope With a Motorbike
Amazing: Rider Jumps Rope With a Mo...


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.44 0.07  0.52%
F $ 14.95 0.10  0.66%
CLWR $ 3.40 0.14  4.29%
SIRI $ 3.515 0.02  0.43%
MSFT $ 34.85 0.23  0.66%
CSCO $ 24.01 0.07  0.27%
MRK $ 47.33 2.12  4.69%
PFE $ 28.78 0.08  0.28%