Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
Cancel Confirm
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Confirm
Octa trading broker Sign up Log in
Octa trading broker
Open trading account
Trading news
Back
30 Apr 2013

Forex: AUD/NZD struggling to get above 1.21, off fresh 3.5-year lows

FXstreet.com (Barcelona) - AUD/NZD is last at 1.2097, off recent session highs at 1.2119, printed on the back of Kiwi weakness, following worse than expected Building consents in New Zealand, falling -9.1% m/m. The cross is about flat for the week, recovering from Friday's fresh 3.5-year lows at 1.2050, lowest seen since late 2009.

According to some analysts, the cross is losing some downwards momentum: “Bears appear to be losing their strength but we need a daily close above the Feb low at 1.215 to give us full confidence in this counter-trend trade,” analysts at IFR say, having taken a long position at 1.2070 with a 1.2350 target, and 1.1930 stop loss.

Immediate support to the downside for AUD/NZD lies at recent weekly lows 1.2060, followed by Friday's fresh 3.5-year lows at 1.2046, and April 2009 lows at 1.2026. To the upside, closest resistance shows at recent session highs/Wednesday's lows 1.2110/19, followed by Monday's early weekly/Thurday's highs at 1.2153/8, and April 17/18 lows at 1.2175.
Apr 30, 2013

EUR/AUD – More consolidation before the next leg up?

The EUR/AUD finished the day down 14 pips at 1.2655. Over the last 10 days the pair has been consolidating in what appears to be a “bull flag” continuation pattern. Economic data in the upcoming European session will feature German Retail Sales, German Unemployment Change, and Spanish GDP.
Read more Previous
Apr 30, 2013

Forex Flash: Short term bullish risks on the rise for AUD/USD - JPMorgan

The short term upside risks for both AUD/USD and NZD/USD have increased but still within the context of the medium term consolidations, notes Niall O'Connor, FX strategist at JPMorgan.
Read more Next