Back
24 Feb 2014
AUD/NZD finds resistance at 1.0850
FXStreet (Córdoba) - The AUD/NZD rose to test early in Aisa 1.0850 but it was unable to break higher, lost momentum and pulled back toward 1.0815. The pair remains moving sideways within Friday’s trading range.
AUD/NZD sideways between 1.0900 and 1.0800
Last week the AUD/NZD finished slightly higher but gained strength after breaking 1.0800 and holding above. To the downside immediate support lies between 1.0815 and 1.0800; followed by 1.0775 and 1.0750.
The trend in the short term is sideways. To the upside, immediate support lies at 1.0850 (February 21, 24 highs) and above at 1.0890 and 1.0900. The par has been unable to close above 1.0900 since early December.
AUD/NZD sideways between 1.0900 and 1.0800
Last week the AUD/NZD finished slightly higher but gained strength after breaking 1.0800 and holding above. To the downside immediate support lies between 1.0815 and 1.0800; followed by 1.0775 and 1.0750.
The trend in the short term is sideways. To the upside, immediate support lies at 1.0850 (February 21, 24 highs) and above at 1.0890 and 1.0900. The par has been unable to close above 1.0900 since early December.