Still a Bit of Life in AUDUSD, NZDUSD & Gold? (Video)

It is unusual to get any life in charts this time of year, but Craig Erlam, Senior Market Analyst at OANDA says there is still some! He looks at the AUDUSD FX pair chart to begin with, noting that it is potentially into correction mode. He says that the positive divergence is typically a bullish sign.

Next discussed by the pair is Gold. Craig wonders if it’s a bit of a dead cat bounce. Last chart analysed in this segment is NZDUSD. Craig looks at the chart from a technical point of view and explains why he feels it has been an interesting year for the pair and why he feels it is due a correction soon.

Watch the segment for Craig’s full technical analysis of AUDUSD, Gold and NZDUSD.

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This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Craig Erlam

Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam
Craig Erlam

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