11 Feb 2015
AUD/NZD risks to the downside – FXMarketAlerts
FXStreet (Barcelona) - The FXMarketAlerts Team shares that AUD/NZD is still weak and a risks for the pair lie on the downside towards 1.0420 and 1.0355.
Key Quotes
“Still weak and break of the 1.0500 level see next support at 1.0462 though risk is seen for return to the 1.0420 and 1.0355, 2005 and Jan lows.”
“Below the 1.0355 low will see extension to target 1.0330 then the 1.0300 level.”
“Resistance now at 1.0505/12 and 1.0550 while only lift above the 1.0600 level will fade bear pressure.”
Key Quotes
“Still weak and break of the 1.0500 level see next support at 1.0462 though risk is seen for return to the 1.0420 and 1.0355, 2005 and Jan lows.”
“Below the 1.0355 low will see extension to target 1.0330 then the 1.0300 level.”
“Resistance now at 1.0505/12 and 1.0550 while only lift above the 1.0600 level will fade bear pressure.”