7 Nov 2013
AUD/NZD cracks down to 1.1320
FXstreet.com (Chicago) - AUD/NZD falls 0.38% so far after the release of worse than expected employment data results in Australia.
AUD/NZD Technical Levels
Price action reveals a steep fall to 1.1324 session lows, breaking the short-term upward trendline and erasing all gains acquired in the past hours after the reversal. Offered at 1.1321, the pair navigates between the supports aligned at 1.1341 (October 16th lows), 1.14 (October 3rd lows) ahead of 1.1434 (September 20th lows) 1.13 (September 13th lows), 1.1263 (September 24th highs) followed by 1.1210 (October 31st lows). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis above the EMA20.
AUD/NZD Technical Levels
Price action reveals a steep fall to 1.1324 session lows, breaking the short-term upward trendline and erasing all gains acquired in the past hours after the reversal. Offered at 1.1321, the pair navigates between the supports aligned at 1.1341 (October 16th lows), 1.14 (October 3rd lows) ahead of 1.1434 (September 20th lows) 1.13 (September 13th lows), 1.1263 (September 24th highs) followed by 1.1210 (October 31st lows). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis above the EMA20.