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4 Nov 2013
AUD/NZD recovering from fall?
FXstreet.com (Chicago) - AUD/NZD struggles to get away from the immediate support around the 1.1430 front after bouncing off weekly lows ahead of Australian data. Chinese non-manufacturing results potentially affected the pair’s price action with better than expected facts.
AUD/NZD Technical Levels
Price action reveals a pair that fails to perform highly on bearish pressure printing 1.1476 session highs and falling to 1.1437 lows. A strong dip below the 1.1410 front indicates the pair is under pressure to confirm the short-term bearish channel evidences on hourly charts. Offered at 1.1442, the pair oscillates between the supports aligned at 1.1434 (October 10th highs) that if broken, will be followed by 1.1395 (September 24th highs) and 1.1341 (October 17th highs). On the upside, resistances are aligned at 1.1478 (September 8th highs), 1.1517 (October 29th highs) followed by 1.1554 (September 10th highs).
AUD/NZD Technical Levels
Price action reveals a pair that fails to perform highly on bearish pressure printing 1.1476 session highs and falling to 1.1437 lows. A strong dip below the 1.1410 front indicates the pair is under pressure to confirm the short-term bearish channel evidences on hourly charts. Offered at 1.1442, the pair oscillates between the supports aligned at 1.1434 (October 10th highs) that if broken, will be followed by 1.1395 (September 24th highs) and 1.1341 (October 17th highs). On the upside, resistances are aligned at 1.1478 (September 8th highs), 1.1517 (October 29th highs) followed by 1.1554 (September 10th highs).