30 Jan 2015
AUD/NZD steadies below 1.0700
FXStreet (Mumbai) - AUD/NZD >retreated from previous low and defended mild gains in the European session, as the Antipodeans complex bounced-back against the US dollar. However, the Aussie outperformed its Oz rival.
AUD/NZD rejected at 1.0704 levels
Currently, the AUD/NZD pair traded at 1.0690 levels, marginally higher by 0.09% on the day, slightly shy of 1.0700 levels. The cross in AUD/NZD edged higher as the traders continue to cheer upbeat Australian factory gate figures. The kiwi also rebounded from multi-year lows reached yesterday as traders seem to move past RBNZ’s less hawkish policy statement.
NZD/USD trades higher by 0.16% at 0.7280, while the Aussie trades up by 0.24% at 0.7778 levels, as of writing.
AUD/NZD Technical Levels
The pair has an immediate resistance at 1.0704 levels, above which gains could be extended to 1.0736. On the flip side, support is seen at 1.0652 levels, from here it to below 1.0614 levels.
AUD/NZD rejected at 1.0704 levels
Currently, the AUD/NZD pair traded at 1.0690 levels, marginally higher by 0.09% on the day, slightly shy of 1.0700 levels. The cross in AUD/NZD edged higher as the traders continue to cheer upbeat Australian factory gate figures. The kiwi also rebounded from multi-year lows reached yesterday as traders seem to move past RBNZ’s less hawkish policy statement.
NZD/USD trades higher by 0.16% at 0.7280, while the Aussie trades up by 0.24% at 0.7778 levels, as of writing.
AUD/NZD Technical Levels
The pair has an immediate resistance at 1.0704 levels, above which gains could be extended to 1.0736. On the flip side, support is seen at 1.0652 levels, from here it to below 1.0614 levels.