6 Nov 2013
AUD/NZD attempts bounce from 2-week lows at 1.1352
FXstreet.com (Chicago) - AUD/NZD stopped falling around the 1.1350 zone after retracing from the 1.1419 zone on NZ data released a few hours ago.
Earlier NZ data was better than expected fueling the kiwi against an Aussie that had no other option than resist after hitting 2-week lows.
AUD/NZD Technical Levels
Technically speaking, the pair attempts to bounce off 2-week lows after plunge on New Zealand labor data released a few hours ago. Offered at 1.1358, the pair navigates between the supports aligned at 1.1341 (October 16th highs), 1.13 (October 16th lows) ahead of 1.1263 (October 2nd lows) and the resistances set at 1.14 (October 18th highs), 1.1434 (November 4th lows) followed by 1.1474 (November 1st highs).
Earlier NZ data was better than expected fueling the kiwi against an Aussie that had no other option than resist after hitting 2-week lows.
AUD/NZD Technical Levels
Technically speaking, the pair attempts to bounce off 2-week lows after plunge on New Zealand labor data released a few hours ago. Offered at 1.1358, the pair navigates between the supports aligned at 1.1341 (October 16th highs), 1.13 (October 16th lows) ahead of 1.1263 (October 2nd lows) and the resistances set at 1.14 (October 18th highs), 1.1434 (November 4th lows) followed by 1.1474 (November 1st highs).