Level - a critical level

Simply stated, Pivot can be considered as the level psychological / determinant of market direction where, Is resistant strong resistance above to restrain the rate of reinforcement pair, Support is a potentially lower resistance to restrain the rate of weakening of a pair.

If unable to move the dominant above the pivot point can be predicted that the trend began to climb, the goal is R1. Conversely, if the dominant moving under the pivot point then the market will tend to fall toward S1.

Well this time that R2/S2 into play, we can monitor what amounted to penetrate the high level of market power R2/S2, if great momentum, then R2/S2 can be translucent, but if not break it will be able in turn to the Pivot Level.

Cuman the standard range of moving between R1 - S1, if there is a great news or the speculators are playing area at the level of R1 - R3 / S1 - S3. Especially if the pair became very volatile (Increase drop leads nowhere) is usually played in R2 - S2.

Ok, now I we discussed how to get value - the value. This time I use the tool  Meta Trader help Neuimex (Tool Analysis I), why did I choose this? because they do not separate Demo  and Live Trading, so that what we practice in the demo then that's what happened at Live Trading, and the main Server: Ok!

Back to the chart, if already signed, please open GBPUSD chart (my idol Pair ) Then press F2 to see price history, select FOREX -> GBPUSD (pair who would be calculated) -> D1 (daily).

Now, we take a case on June 5, 2006 there is written:

Open: 1.8821 -> Opening Price on that day.

High: 1.8880 -> Highest Price for that day.

Low: 1.8716 -> Lowest Price on that day.

Close: 1.8721 -> Closing Price on that day.

Volume: 44 641 -> Volume of transactions that occur on this broker pair GBPUSD for that day. Ok, after the data we get, so now we discuss the formula / calculations to determine the level of PRS, do

this on the next day to calculate the level - critical for today's level.

Pivot = (High + Low + Close) / 3

R1 = (2 * Pivot) - Low

S1 = (2 * Pivot) - High

R2 = Pivot + (High - Low)

S2 = Pivot - (High - Low)

R3 = (2 * Pivot) + (High - (2 * Low))

S3 = (2 * Pivot) - ((2 * High) - Low)

Well, level - the level of PRS to date June 6, 2006 has been formed, we now have a level - the level which should control at the moment we Postion Open (OP).

Please download indicator in the menu download, lines TSB will appear dg itself, so not need difiicult manual calculated, and most importantly we can learn to see history day2 previous dg   

Hopefully Useful n Best Regards ;)

Have A Nice Pips Today!

sumber : www.radenbeletz.com

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Economic data released by the schedules are almost the same every day, here are the schedules by country: Australia - AUD - 5:30 pm until 7:30 pm Japanese - Yen - 6:30 pm until 11:30 pm Switzerland - CHF - 13:30 am until 17:30 pm Germany, Italy, France (Europe)

Economic data released by the schedules are almost the same every day, here are the schedules by country:

* Australia - AUD - 5:30 pm until 7:30 pm
* Japan - Yen - 6:30 pm until 11:30 pm
* Switzerland - CHF - 13:30 am until 17:30 pm
* Germany, Italy, France (Europe) - Euro - 14:00 am until 18:00 pm
* English - GBP - 14:00 am until 18:00 pm
* Canada - CAD - 19:00 am until 20:30 pm
* America - CAD - 19:30 am until 22:00 pm

The news release did not all have an impact on price movements, we will try to summarize some news that normally cause extreme movement in the release:

1. NFP (Non Farm Payroll) 

Data indicate the total number of salaries reported by U.S. Buearu of Labor Statistics, excluding civil servants and workers in agriculture. This data is expected to give you a salary rate of 80% of workers in America. Non Farm Payroll is important because it shows the rise and fall is also forecast the unemployment rate and GDP, while also going to be considered for determining the economic policies in times to come.

2. Interest Rate / Bank Rate 

Increase in interest rates will generally lead to good effect for the relevant country's currency, due to rising interest rates, investors are expected to be signed in to invest and means higher demand for currency.

3. GDP (Gross Domestic Product) 

GDP is the value of all goods and services produced by a country within a certain timeframe, usually annual, or per year. This data is very important because it will measure all aspects of the state, including government spending, and Expo on foreign imports, as well as public consumption. GDP to be the main indicator to measure the economic health of countries, including the standard of living of its citizens. GDP is a negative value would indicate an economic slowdown and even recession perrtanda.

4. Retail Sales  

This data shows the number of items sold at the retail level. This figure is very important because it will show the economic activities of society, the numbers continue to rise shows a vibrant economy, otherwise the numbers continue to fall will show a sluggish economy. This data will also be the basis of interest rate policy-making, tax, and others.

5. Home Sales 

Sales of homes, both new and used homes, will show the level of activity in the community. Purchase high house give their view that people's purchasing power is still high. This data will also be influential on other data, such as new building permits, home loans, pawnshops, and others.

6. CPI (Consumer Price Index)  

This data mengukut price change of goods and services consumed by society, including transportation costs, food prices, and health care costs. CPI figures are often used to identify the occurrence of inflation or deflation. Sharp increase in the number of consecutive time will show the existence of inflation, and instead showed a sharp decline in deflation.

7. PPI (Producer Price Index)  

PPI data shows price changes of goods and services from the manufacturer. This index will provide the economic outlook such as the CPI, but in terms of producers and sellers.

8. PMI (Purchasing Managers' Index)  

Figures released will act as a leading indicator of manufacturing sector. This data will include the number of orders, supply, production levels, stock, and also employment. Figures below 50 would indicate kontaksi, and the figure above 50 indicates an increase in the manufacturing sector.

9. Trade Balance 

Difference between exports and imports of a country is also one important indicator of economic health. Large deficit will affect the state budget.

10. Inflation 

Report of rising inflation would be bad for the economy of a country, and currency impact on the strength of the country concerned. The central bank usually will take immediate steps to halt rising inflation, the ideal level is usually targeted by central banks is around 2% up to 3%.

But there are also some news that was released outside the hours mentioned above, but its frequency is very low. The speeches by officials, economic officials also sometimes performed outside these hours. Economic officials from the Fed, ECB, BoE, and various other central banks, typically hold a press conference to clarify its policies, as well as giving his views on economic conditions, in addition, they sometimes follow the conferences in other countries or attending a panel discussion, their pronouncements often creates optimism and pessimism among investors and the impact on currency movements.

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AIG Construction IndexLevel composite index based on the construction company. above 50 indicates expansion of the industry, by contrast shows contraction AIG Indexlevel Manufacturing of composite index based on manufacturing-manufacturing surveyed. Above 50 indicates expansion ...

AIG Construction Index	Level composite index based on the construction company. above 50 indicates expansion of the industry, by contrast shows contraction
AIG Manufacturing Index	level of the combined index, based on manufacturing-manufacturing surveyed. Above 50 indicates expansion in manufacturing, on the contrary indicates contraction
AIG Services Index	Level composite index based on surveyed firms ministry. Above 50 indicates expansion, on the contrary indicates contraction.
Annual Budget Release	This document underlines the government funds during the first year, including expenditure and revenue, loans, financial objective and the planned investment. Use and loans can be significant pressure for the economy.
Annual Budget Release	Released per year. Domestic government spending and borrowing can have an important influence on the economy.
ANZ Commodity Prices	Changes in the global prices of commodity exports. .
ANZ Job Advertisements	Changes in the number of jobs advertised in major newspapers and websites daily in the capital. Have a major impact when released to the government labor data.
Asset Purchase Facility	Total value of money that BOE will create and use them in acquiring assets in the market. This triggers the bill is likely to reduce long-term interest rates.
Average Earnings Index	Changes in the price and payment of business by government workers, including bonuses. This is an indicator of consumer inflation when businesses pay more to workers, it will affect consumers.
Average Hourly Earnings	Changes in workers' wages, unless the agricultural industry. This is an indicator of consumer inflation. The higher the salaries of workers, the greater the price set for consumers.
BOE Inflation Report	This report contains the views are important according to the BOE will be the economic conditions and inflation - the key factors that shape the future of monetary policy and interest rates affect the decision.
BRC Retail Sales Monitor	Change the value of retail sales in the same store.
BRC Shop Price Index	Price changes of goods bought in stores BRC.
Building Approvals	Changes in the number of new buildings approved. This added julmah labor involved in development.
Building Permits	Changes in the number of buildings allowed. This shows the construction of a future where getting a permit is the first step in the construction of new buildings.
Business Inventories	Changes in the total value of goods in inventory by the manufacturing, wholesale and retail. This is a signal future business because the company will buy the goods when their inventory is not sufficient.
Business NZ Manufacturing Index	Level composite index based on manufacturing surveys. The survey on assessing the level of manufacturing business conditions such as labor, production, new orders, prices, delivery by suppliers and inventory.
Cash Rate	The interest rate for overnight deposits. Rates are determined in the market. Short-term interest rate is the highest factor in the evaluation currency.
CBI Industrial Order Expectations	Level composite index based on surveyed manufacturers. On top of 0 indicates the volume of orders expected to be increased, and vice versa.
CB Leading Index	Changes in the level of a composite index based on seven economic indicators. This index is designed to predict the direction of the economy. 7 Indicators that relate to the combined production, new orders, consumer confidence, stock prices and the spread in interest rates.
CGPI	Changes in the price of goods sold by the company. This is an indicator of consumer inflation, when prices go up it will burden the consumer.
Challenger Job Cuts	Changes in the amount of labor cuts.
Claimant Count Chage	Changes in the number of people claiming benefits related to unemployment. While this is generally regarded as an indicator of late but the amount of unemployment is an important signal of overall economic health because consumer spending is very influential in labor market conditions.
Commodity Prices	Changes in selling prices of export commodities. This is an indicator of the balance of a country with other countries, it is very important to increase commodity prices, increasing export earnings.
Construction PMI	Level composite index based on a survey of purchasing managers in the construction industry. Above 50 indicates expansion, on the contrary indicates contraction.
Construction Spending	Changes in the total number of builders used on construction projects.
Consumer Credit	Change the value of total consumer credit. This is related to consumer spending and confidence.
Core CPI	Changes in prices of goods and services purchased by consumers, except for food, energy, alcohol and tobacco
Core Machinery Orders	Changes in the total value of machinery in the new private sector by the manufacturer, except for shipping and utilities. This is an indicator of production.
Core PCE Price Index	Changes in the prices of goods and services purchased by consumers, except food and energy. Rates are calculated based on total expenditures per item. This is a favorite measure of inflation from the Federal Reserve.
Core Retail Sales	Change the value of total retail sales, except the automobile. Automobile sales approximately 20%, but they tend to be very volatile and disturbing trend.
CPI	Changes in prices and services purchased by consumers. Inflation is important for evaluation of the currency due to increased price makes the central bank to raise interest rates.
Credit Card Spending	Changes in total spending, facilitated by credit card. This relates to consumer spending and confidence.
Crude Oil Inventories	Changes in the amount of crude oil per barrel in the inventory. This will affect the price of petroleum products which affects inflation but influential both for the industry that rely products to crude oil.
Current Account	The difference between exports and imports of goods, services, financial flows and unilateral transfers. This is directly related to the demand for currency - rising surplus indicates that foreigners buy more local currency.
DCLG HPI	Changes in selling prices of houses. Tend to have a weak effect because there are many indicators that affect housing prices.
Economy Watchers Sentiment	Level composite index based on the surveyed workers. Above 50 indicates optimism, pessimism otherwise indicated.
Empire State Manufacturing Index	Level composite index based on the manufacturers surveyed in New York. This indicates economic health.
Employment Change	Changes in the amount of labor. Job creation is an important indicator in spending money and a major influence on the market.
Factory Orders	Change the value of total new orders to manufacturing. This shows the production, purchase orders signals that the rose also increased the work activities to fulfill the order.
Federal Budget Balance	Differences in values between the federal government revenue and expenditure. Positive values indicate a surplus of funds, by contrast showed a deficit.
Final Manufacturing PMI	level composite index based on surveyed purchasing managers in manufacturing industry. This is an indicator of economic health, in which businesses react quickly terhadapa market conditions.
Final Mortgage Approvals	Number of new loans approved for house purchases over the past month.
Final Service PMI	Level composite index based on surveyed purchasing managers in service industries.
Fixed Asset Investment	Changes in total expenditures on capital investments such as factories, roads, and property. It shows the economic health, changes in the private or public investment can be early signals of future economic activity.
Flash GDP	Changes in inflation, which is adjusted by the value of all goods and services. This is the best measure of economic activity with the width and the main measure of economic health.
Foreign Direct Investment	Changes in total spending on domestic capital investment by foreign companies.
Foreign Direct Investment	Changes in the amount of use of domestic investment by foreign companies.
Foreign Securities Purchases	The total value of domestic stocks, bonds and money market assets purchased by foreign parties. Demand on the domestic securities and currencies are interconnected because the foreigners have to buy the domestic currency to buy securities of a country.
German Factory Orders	Changes in the total value of new purchase orders. This is an indicator of production, improve purchase order indicates that manufacturing activity will increase.
German Retail Sales	Changes in inflation adjusted value of total retail level denan except automobiles and gas pumps. This is the main measure of consumer demand.
Home Loans	Changes in the amount of new loans granted to owners of new homes. This is an indicator for the housing market, showing that the presence of certain buyers into the market.
Household Confidence	Level composite index based on the surveyed households.
Housing Starts	The number of new residential buildings that began construction on a yearly basis. This can cause related effects. Many workers, subcontractors and inspectors and services required.
HPI	Changes in selling prices of houses. This is an indicator of industry health of the house because house prices could increase to attract investors and promote the spirit of industrial activity.
HSBC Manufacturing PMI	Level composite index based on a survey of purchasing managers of manufacturing industries. In the top 50, will experience expansion, while below 50 will experience a contraction. This is an indication of economic health, the business to react quickly to market conditions, and are a reflection of purchasing managers that are relevant for the company's economic
IBD/TIPP Economic Optimism	The level of a composite index based on consumers surveyed. Above 50 indicate optimism, below that indicates pessimism.
Import Price	Changes in the price of imported goods and services. This contributed to the inflation rate for businesses and consumers, particularly those who rely fully on imports of goods and services.
Industrial Production	Changes in inflation adjusted julah with the results of manufacturing, mining and utilities. This is an indicator of economic health - the production is dominant in the economy and react quickly in the movement up and down in the business cycle.
ISM Manufacturing PMI	Level composite index based on surveyed purchasing managers in manufacturing industry. Above 50 indicates expansion, below 50 indicates contraction. This is an indicator that shows economic health, the possibility of purchasing managers is a reflection of the economic relevance of a company.
ISM Manufacturing Prices	level composite index based on surveyed purchasing managers in manufacturing industry. Above 50 indicates rising prices, falling prices indicate the contrary. This shows inflation to consumers, while businesses pay more for goods and services, higher prices are also provided to the consumer.
ISM Non – Manufacturing PMI	Composite index based on the level of purchasing managers surveyed, except the manufacturing industry. This indicates economic health, business reacts more quickly to market conditions.
Ivey PMI	Composite index based on the level of purchasing managers surveyed. In the top 50, will experience expansion, while below 50 will experience a contraction. This is an indication of economic health, the business to react quickly to market conditions, and are a reflection of purchasing managers that are relevant for the company's economic
Labor Cost Index	Changes in labor payments, other than overtime hours. This indicates consumer inflation, as businesses pay more to workers, higher prices will apply to the consumer.
Leading Index	Changes at the level of a composite index based on 10 economic indicator. 10th indicators are related to employment, production, new orders, consumer confidence, housing, stock market prices, money supply and the interest rate spread.
Leading Indicators	Level composite index based on 12 economic indicators. This index is designed to predict the direction of the economy.
M2 Money Stock	Changes in the total number of domestic currency in circulation and deposits in banks. This is closely related to interest rates.
Manufacturing PMI	Level composite index based on a survey of purchasing managers of manufacturing industries. In the top 50, will experience expansion, while below 50 will experience a contraction. This is an indication of economic health, the business to react quickly to market conditions, and are a reflection of purchasing managers that are relevant for the company's economic
Manufacturing Production	Changes in the total inflation adjusted with the results produced manufactures. Manufacturing dominates 80% of total industrial production and tend to dominate the market. This indicates economic health, production reacts quickly to move up and down in the business cycle and is associated with the condition of the consumer.
MI Inflation Expectations	The percentage that consumers expect prices of goods and services will change at 12 months into the future. Expectations on future inflation may cause the actual inflation.
MI Inflation Gauge	Changes in prices of goods and services purchased by consumers. This data provides a monthly view on consumer inflation.
Minimum Bid Rate	limit of the lowest interest rates given the banks. High or low interest rates reflect the attitude and measures taken by the ECB.
Monetary Base	Changes in the amount of domestic currency in circulation and deposits at the BOJ. This is related to interest rates, money supply and increasing the use of investment and then lead to inflation.
Monetary Policy Meeting Minutes	Reports from council BOJ policy meeting, discussing the economic conditions that affect their decisions in setting interest rates
Money Supply	Changes in the total number of domestic currency in circulation and banks. This is related to interest rates - at first in a cycle of increasing the supply of money into the use and investment, then multiply the money supply can lead to inflation.
NAHB Housing Market Index	Level composite index based on home builders. Surveys were conducted on 900 construction workers.
Nationwide Consumer Confidence	The level of a composite index based on consumers surveyed. This is an indicator for consumer spending.
Natural Gas Storage	Changes in the amount of natural gas in the ground.
Net Lending to Individuals	Changes in the total value of new consumer credit. This is related to consumer spending and confidence.
New Loans	Yuan's value of new loans to consumers and businesses. Borrow and use is positively related to - consumers and businesses tend to look for credit when they are confident will position their financial future and comfortable in using the money.
New Motor Vehicle Sales	Changes in the number of new cars and trucks were sold domestically. This is a sign of consumer confidence.
NHPI	Changes in selling prices of new homes. This is a health indicator for the housing industry because rising house prices will invite investors and encourage industrial activity.
NIESR GDP Estimate	Change the value of goods and services that are expected. NIESR monthly GDP estimate data to predict the government data on quarterly basis.
Non - Farm Employment Change	Changes in total employment over the past month. This is an important economic data are released after the end of the month. Job creation is important for consumer spending.
Official Bank Rate	The interest rate that banks lend to other banks through the BOE. Short-term interest rate is the highest factor in the evaluation currency.
Overnight Call Rate	Where the BOJ interest rate to discount bills and extend the re-lending to financial institutions. Short-term interest rates is a top factor in currency valuation.
Parliamentary Election	Voters will choose 650 members of the British Parliament.
Pending Home Sales	Changes in the number of homes to be sold but the contract is still awaiting closure of the transaction, unless a new transaction. This indicates economic health.
Personal Income	Changes in the total value of receipts received from all sources by consumers.
Personal Spending	Changes in the total value of the inflation adjusted consumer spending. This is important data, although it has a mild effect on the retail sale.
Philly Fed Manufacturing Index	Level composite index based on the manufacturers surveyed Philadelphia. Above 0.0 indicates an increase. Surveys conducted in 250 districts of the manufacturing Philadelphia Federal Reserve.
PPI	Changes in the price of finished goods and services sold to consumers.
PPI Input	Perubahan harga barang dan bahan baku yang dibeli oleh manufaktur. Hal ini merupakan indikator adanya inflasi konsumen.
PPI Output	Changes in prices of goods and raw materials purchased by manufacturers. This is an indicator of consumer inflation.
Prelim Machine Tool Orders	Changes in prices of goods and raw materials sold by manufacturers. Only goods produced domestically.
Prelim Nonfarm Productivity	Changes in the total value of new orders by manufacturers of machine tools.
Prelim Unit Labor Costs	Annual changes in labor efficiency in producing goods and services, unless the agricultural industry. As businesses increase wages of workers, consumers will be charged a higher
Prelim UoM Consumer Sentiment	Level composite index based on the surveyed consumers. Confidence in financial terms is an indicator of consumer spending.
Prelim UoM Inflation Expectations	The percentage of consumers expect prices of goods and services will change at 12 months. Expectation on future inflation will lead to actual inflation, since workers tend to try to get higher salaries when they believe that prices will rise
Retail Sales	Changes in the total value of inflation at the retail level.
Revised Industrial Production	Changes in the amount of inflation, adjusted with the results produced by manufacturing, mining and utilities. This indicates economic health - the production moves up and down rapidly at bisnois cycle and is closely linked to conditions such as consumer-level employment and income.
RICS House Price Balance	Pensurvei composite index level at the property. This is an indicator of inflation because pensurvei know the house price data at the time.
Rightmove HPI	Changes in housing demand that a sale price. This is an indicator that shows the home health industry because of increasing house prices could invite investors and encourage industrial activity.
RPI	Changes in prices of goods and services purchased by consumers for consumption. Different from the CPI, RPI, RPI only measures goods and services consumed by households and only includes the price of houses that are not included in the CPI.
SECO Consumer Climate	Level composite index based on the surveyed households. Above 0.0 indicate optimism, below that indicates pessimism. 1100 household survey to fill out the level of economic conditions.
Sentix Investor Confidence	Level composite index based on the investors and analysts surveyed. Above 0.0 indicate optimism on the contrary indicates pessimism. This shows the health of the economy - investors and analysts informed of their work moral, and change their sentiments may be early signals for future economic activity.
Services PMI	Level composite index based on surveyed purchasing managers in service industries. This is an indication of economic health, the business to react quickly to market conditions, and are a reflection of purchasing managers that are relevant for the company's economic
SVME PMI	level composite index based on the purchasing managers surveyed. Above 50 indicates expansion of the industry, on the contrary indicates contraction. This is an indicator of economic health, in which businesses react quickly terhadapa market conditions.
Tertiary Industry Activity	Changes in the total value of services purchased by businesses. This shows ekonomoi health, business quickly influenced by market conditions, and changes in total expenditure can be early signals of future economic activity.
TIC Long-Term Purchase	The difference between the value of foreign securities that are bought by residents of long term U.S. and by foreign parties in a particular period. Demand on the domestic securities and currencies are interconnected because the foreigners have to buy the domestic currency to buy securities of a country.
Total Vehicle Sales	The number of cars and trucks sold annually, domestically over the past month. This data is reported with monthly data but annual format. This is a sign of consumer confidence, increasing demand for expensive goods that consumers have confidence in its financial position and feel comfortable in spending money.
Trade Balance	The difference between exports and imports. Positive figures indicate exports more goods than imports. Export affect the amount of production and prices.
Unemployment Claims	The number of individuals who fall into unemployment insurance. Total unemployment is an important signal for economic health.
Unemployment Rate	Percentage rate of unemployment. Total unemployment rate is an important signal of overall economic health.
Visitor Arrivals	Changes in the number of foreign visitors who come into the country in the short term. Important for the economic impact of tourism - about 10% of the population employed in the tourism industry sector.
Wage Price Index	Changes in business and government payments to the price of labor except a bonus. It showed consumer inflation.
Wholesale Inventories	Changes in the total value that existed at the wholesale inventory. This is a signal of future expenditures for companies to buy goods when they have insufficient inventory
ZEW Economic Expectations	Level composite index based on institutional investors and analysts. Above 0.0 indicate optimism on the contrary indicates pessimism.

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This section will explain about the commodity and how their relationship with the commodity currencies.

What is a commodity currency?

In the world of Forex, there are currency, known as commodity currencies, the currencies of countries that are eksportis raw materials or commodities (such as precious metals, oil, agriculture, etc.). Many countries that fit the description above but the most traded are the New Zealand Dollar, Australian Dollar and Canadian Dollar. Therefore, known by the name of the commodity dollars or "Comdolls".

How commodities affect commodity currency?

For countries producing large quantities of raw materials, the increase of commodity prices allows the country's currency price also rises and vice versa. Below is a commodity currency and how its movement is correlated with a particular commodity.

Canadian Dollar (CAD) and Oil ?

Oil is the lifeblood of the industrialized world and therefore in these conditions, the oil is a commodity traded and observable. Many countries that produce oil in excessive amounts, including Canada, which is one of the world's largest oil producer and has the second largest oil reserves after Saudi Arabia. Canada is also the largest supplier to the biggest oil consumer the United States. Because oil is one of the greatest needs in the industrial United States, raising the price of oil tends to give a bad influence on the U.S. equities and U.S. dollar, in turn will increase the income for Canada.

INCREASE oil prices tend to benefit Canada or harm the United States.
DECREASE in oil prices tend to be detrimental to Canada or the United States profitable.

If the trend of rising oil, the USD / CAD tends to have a trending down, and vice versa.

Dolar Australia (AUD) and Gold

In the financial world, gold is seen as a safe haven against inflation and also the most heavily traded commodity. For some people, such as trading the Australian dollar gold trading. Australia is the world's largest gold producer and 50% of exports are commodities, including precious metals.

This commodity represents a large portion of Australia's GDP; many traders see the rise and decline of commodity prices, especially gold, which can affect the Australian dollar. Some traders consider the movement of gold as a measure to predict the movements of the AUD / USD.

INCREASE the price of gold tends to benefit Australia.DECREASE gold prices tend to be detrimental to Australia.

New Zealand Dollar (NZD)

Like neighboring Australia, New Zealand's economy is also driven by commodity exports. Most traders do not compare the "Kiwi" with a particular commodity, but the state of commodities markets globally. So rise and fall of commodity prices as a whole, can give NZD movement / USD due to the dependency of New Zealand on their commodity exports.

Summary  

Short term movements in commodity prices usually do not directly affect the currency. Analyzing the relationship with the commodity currencies is better suited for long-term outlook (long term). Although we saw no correlation between the commodity currencies and commodity prices alone, the export is only one part of the economy of a country. We must always look at the country's overall economy, interest rates and political situation. Combining all these aspects will produce a clearer picture and add a better idea of trading on the currency.

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