19 Nov 2013
AUD/NZD breaks out 1.1259 limits
FXstreet.com (Chicago) - AUD/NZD continues printing session highs and consolidates a breaks above the 1.1259 immediate resistance.
Ahead of Tokyo’s opening, the pair keeps printing session highs reaching the 1.1260 zone and consolidating a rally that extends. Finding asks around the 1.1269, weekly highs, market participants react positively to the recently published CB leading indicator results at 0.3% vs. past -0.2%.
AUD/NZD Technical Levels
Technically speaking, the pair extends bullish move approaching earlier highs to print new session peaks at 1.1261. Offered at 1.1264, the pair oscillates between the supports aligned at 1.1228 (November 15th lows), 1.1197 (September 29th lows) followed by 1.1155 (May 1st lows 2007) and breaks the most immediate resistance at 1.1259 (October 2nd lows) ahead of 1.1312 (November 7th lows) followed by 1.1381 (November 10th highs). According to the FXstreet.com trend index, the pair is slightly bullish and navigates below the EMA20.
Ahead of Tokyo’s opening, the pair keeps printing session highs reaching the 1.1260 zone and consolidating a rally that extends. Finding asks around the 1.1269, weekly highs, market participants react positively to the recently published CB leading indicator results at 0.3% vs. past -0.2%.
AUD/NZD Technical Levels
Technically speaking, the pair extends bullish move approaching earlier highs to print new session peaks at 1.1261. Offered at 1.1264, the pair oscillates between the supports aligned at 1.1228 (November 15th lows), 1.1197 (September 29th lows) followed by 1.1155 (May 1st lows 2007) and breaks the most immediate resistance at 1.1259 (October 2nd lows) ahead of 1.1312 (November 7th lows) followed by 1.1381 (November 10th highs). According to the FXstreet.com trend index, the pair is slightly bullish and navigates below the EMA20.