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18 Sep 2014
AUD/NZD choppy price action along the decent
FXStreet (Guatemala) - AUD/NZD is trading at 1.1056, down -0.04% on the day, having posted a daily high at 1.1082 and low at 1.1056.
There has been some choppy price action along a descending price movement overnight and the pair continues on the offer as we get a positive set of GDP numbers from New Zealand. We recall the firm rejection from higher ground of late at 1.13 and below here may well see the pair on the back foot with a steady handed RBA in comparison to a move dovish looking RBNZ.
AUD/NZD near term levels
Current price is 1.1059, with resistance ahead at 1.1063 1.1068 (Daily Classic PP), 1.1076 (Hourly 100 SMA), 1.1078 (Hourly 20 EMA) and 1.1082 (Daily High). Next support to the downside can be found at 1.1042 (Weekly Low), 1.1041 (Daily Classic S1) and 1.1012 (Weekly Classic S1).
There has been some choppy price action along a descending price movement overnight and the pair continues on the offer as we get a positive set of GDP numbers from New Zealand. We recall the firm rejection from higher ground of late at 1.13 and below here may well see the pair on the back foot with a steady handed RBA in comparison to a move dovish looking RBNZ.
AUD/NZD near term levels
Current price is 1.1059, with resistance ahead at 1.1063 1.1068 (Daily Classic PP), 1.1076 (Hourly 100 SMA), 1.1078 (Hourly 20 EMA) and 1.1082 (Daily High). Next support to the downside can be found at 1.1042 (Weekly Low), 1.1041 (Daily Classic S1) and 1.1012 (Weekly Classic S1).