It's Retracements Versus Dominant Trends For The Australian And New Zealand Dollars
It has been an arduous few months for the high-yielding Australian and New Zealand dollars. With both the RBA and RBNZ proven their willingness to cut both currencies' primary attraction (a high yield), both have tumbled significantly against most of their counterparts. However, this drop may be long overdue for at least a temporary retracement. See what each DailyFX Analyst thinks and how they are positioning below:
Al Bawaba
