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Trade of the Day: AUD/NZD & NZD/USD

Market Analysis: Currencies Forecast
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May 6, 2014 0 215

Date: 6th May 2014

AUD-NZD Currency pairThe  New Zealand’s economy  is expected to grow by 3,3% due to the soft exports with China, and economists predict that the employment rate will decrease to 5.8% in the next months.

On the other hand in Australia the economy is declining in growth.

The analysts of BancdeBinary  recommend a PUT  position  in the  AUS/ NZD or CALL position in the NZD/USD.

 

John Walker
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