Unveiling Fresh Weekly Targets and Prices: The Inside Scoop on AUDUSD & AUDNZD!

In the intricate world of foreign exchange trading, understanding the development and potential of different currency pairs is crucial. The AUD/USD and AUD/NZD currency pairs are prime examples of this, and their movements offer valuable insights for investors and traders alike. Drawing from the analysis in the report from Finance Brokerage, we will explore significant market triggers, potential targets, and expected price movements for the upcoming week. Starting with the AUD/USD pair, it's important to note that this pair has been on a steady rise recently. According to the established rising channel pattern, the upward trajectory started when the AUD/USD hit a low point of 0.7105. Anticipations were further stoked last week when it managed to secure a solid foothold above the 0.7300 level, marking an inflection point in the market. Following this momentum, the AUD/USD is predicted to continue on an upward trend. The first notable target identified is the 0.7400 level, offering traders new opportunities to cash in on its upward journey. However, it's necessary to also weigh potential obstacles on this path. For example, negative news or economic indicators from either Australia or the United States could potentially alter this trajectory. Switching gears to AUD/NZD, its performance portrays a different story. Struggling to maintain a steady footing above the 1.0500 level, the AUD/NZD experienced a contrasting market scenario compared to the AUD/USD pair. As the selling pressure steadily mounted, it plunged to a new low at 1.0326. Based on this trend, market analysts anticipate further downward pressure for the AUD/NZD in the coming week. The 1.0300 level has emerged as a potential ‘floor’ for this currency pair, with predictors hinting at a further decline if this threshold is breached. However, similar to the AUD/USD analysis, it is imperative to consider the unpredictability of the Forex market due to external influences like news releases and economic events. To sum up, both AUD/USD and AUD/NZD pairs have been moving distinctly based on various influencing factors. The AUD/USD is predicted to follow an upward path with potential opportunities brewing at the 0.7400 level. In contrast, AUD/NZD is likely to see further downward movement, with 1.0300 emerging as an immediate target, after marking a new low at 1.0326 recently. What is clear is that these insights serve as a guided understanding of likely forex trends, not ironclad certainties. Therefore, traders must employ a judicious mix of analysis, strategy, and pragmatism while investing in these forex market trends. After all, the exacting nature of forex trade demands nothing less.