Daily Outlook

AUD/NZD outlook remains positive as RBNZ rate cute expectations solidify combined with RBA cuts dissipating. Technically, short term moving averages point higher as Wednesdays peak of 1.0635 rebounded off the mid September 1.0237. The August high of 1.0654 remains the next target. Inflation data for both currencies remains key to the lifetime of this pair with NZ on October 18^th and Aus on 26^th.

Cable range holds again as following the break of the 1.28670 two days ago. London session pushed the low to 1.2683 and NY made the high at 1.2771. The trend channel base is now acting as resistance with todays support at 1.2665 as moving averages track lower.  Targets still remain a distant 1.0520.

USD rallied after strong ISM non-manufacturing data saw the pair close up at 103.50 following survey reach 57.1 above the forecast 51.0. The seventh day of gain targets 103.76 as it heads towards the 100 day moving average.

AUD/CAD 10/5/2016 11:45 AM  Trend daily chart (=)  Trend weekly chart (=) AUD/CAD intraday: the downside prevails as long as 1.0067 is resistance Our pivot point is at 1.0067. Our preference:the downside prevails as long as 1.0067 is resistance. Alternative scenario: the upside breakout of 1.0067, would call for 1.0083 and 1.0092. Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 1.0065 and 1.0052). Supports and resistances: 1.0092 ** 1.0083 * 1.0067 ** 1.0061 1.0049 last 1.0023 1.0013 ** 1.0004 * 0.9995 **

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