29 Oct 2013
AUD/NZD bouncing off 1.1526 session lows
FXstreet.com (Chicago) - AUD/NZD finds grounds after retracement from session highs ahead of Tokyo’s opening.
AUD/NZD Technical Levels
Technically speaking, the pair retraces from session highs extending the downward move at the strong resistance around the 1.1580 zone. With a primary trend diverging with the secondary one, the pair seems to sustain bearish pressure ahead of Tokyo’s opening and Stevens speech. Offered at 1.1531, the pair oscillates between the supports aligned at 1.1517 (October 28th lows), 1.1474 (September 6th lows) ahead of 1.1434 (October 9th highs) and the resistances set at 1.1554 (October 24th highs), 1.1578 (October 28th highs) followed by 1.1624 (September 5th highs).
AUD/NZD Technical Levels
Technically speaking, the pair retraces from session highs extending the downward move at the strong resistance around the 1.1580 zone. With a primary trend diverging with the secondary one, the pair seems to sustain bearish pressure ahead of Tokyo’s opening and Stevens speech. Offered at 1.1531, the pair oscillates between the supports aligned at 1.1517 (October 28th lows), 1.1474 (September 6th lows) ahead of 1.1434 (October 9th highs) and the resistances set at 1.1554 (October 24th highs), 1.1578 (October 28th highs) followed by 1.1624 (September 5th highs).