5 Nov 2013
EUR/NZD compromises 1.63 front
FXstreet.com (Chicago) - EUR/NZD trades below the 1.63 front ahead of Tokyo’s opening and the release of Australian data (RBA interest rate decision and RBA rate statement).
EUR/NZD Technical Levels
Technically speaking, the pair is offered at 1.6294 and oscillates between the supports aligned at 1.62 (October 21st highs), 1.6093 (October 15th lows) ahead of 1.6018 (October 16th lows) and the resistances set at 1.6322 (October 23rd lows), 1.6466 (October 23rd highs) followed by 1.6580 (October 30th lows). Retracing from 1.6331 session highs earlier in the day, the pair receives Tokyo’s opening below the 1.63 front.
EUR/NZD Technical Levels
Technically speaking, the pair is offered at 1.6294 and oscillates between the supports aligned at 1.62 (October 21st highs), 1.6093 (October 15th lows) ahead of 1.6018 (October 16th lows) and the resistances set at 1.6322 (October 23rd lows), 1.6466 (October 23rd highs) followed by 1.6580 (October 30th lows). Retracing from 1.6331 session highs earlier in the day, the pair receives Tokyo’s opening below the 1.63 front.