25 Mar 2014
AUD/NZD hits 2-week highs but fails to close above 1.0700
FXStreet (Córdoba) - The AUD/NZD rose on Tuesday for the fourth day in a row and finished barely below 1.0700. During the European session the price hit at 1.0715 the highest price since March 7. On Wall Street hours pulled back trimming gains.
The retreated from 1.0715 found support at 1.0675. At the moment of writing is trading at 1.0685, moving sideways with support at recent American session lows and resistance at 1.0690.
Price action continues to be biased to the upside, but currently is having difficulties breaking and holding above 1.0700. To the downside, a key short-term support is located around 1.0670, where an hourly uptrend line stands.
The retreated from 1.0715 found support at 1.0675. At the moment of writing is trading at 1.0685, moving sideways with support at recent American session lows and resistance at 1.0690.
Price action continues to be biased to the upside, but currently is having difficulties breaking and holding above 1.0700. To the downside, a key short-term support is located around 1.0670, where an hourly uptrend line stands.