11 Dec 2013
AUD/NZD pressing on 1.1020 resistance
FXstreet.com (London) - AUD/NZD is pressing on the 1.1020 resistances and has maintained its bullish bias on the 1.10 handle.
Meanwhile, on the data front, Westpac Consumer Confidence for December disappointed at -4.8% vs 19.% previous”. For the Australian Dollar, strategists at Commerzbank noted the key resistance line at 0.9232”. “Provided that the topside is capped by the 0.9232 resistance line and 0.9265 we will maintain a negative bias”. There is RBNZ coming up tomorrow for the NZD and price action will no doubt be subject to the wise words coming in that meeting. Meanwhile, NZD/USD is struggling on 0.83 and is challenging the support sub the handle in 0.8390’s.
Meanwhile, on the data front, Westpac Consumer Confidence for December disappointed at -4.8% vs 19.% previous”. For the Australian Dollar, strategists at Commerzbank noted the key resistance line at 0.9232”. “Provided that the topside is capped by the 0.9232 resistance line and 0.9265 we will maintain a negative bias”. There is RBNZ coming up tomorrow for the NZD and price action will no doubt be subject to the wise words coming in that meeting. Meanwhile, NZD/USD is struggling on 0.83 and is challenging the support sub the handle in 0.8390’s.