15 Jul 2014
AUD/NZD long-term levels to the downside
FXStreet (Guatemala) - AUD/NZD is trading at 1.0660, down -0.04% on the day, having posted a daily high at 1.0671 and low at 1.0660.
AUD/NZD is holding the bottom of a trend channel on the downside at multi weekly lows ahead of key support levels. The June 0.3% month on month did was good news to the RBNZ who have been trying to cool house prices rises with a series of interest rate hikes. With 1.0600 being the psychological, we look at 1.0565 at the bottom of the weekly Bollinger as next level perhaps while the MACD has not yet crossed into over sold levels and gives the bears room to stay committed for the time being. A break below 1.0600 would open up 1.05 as next key target there after to the downside before 1.0490, the January low this year. Then, the low in 2005 comes into play at 1.0425.
AUD/NZD near term levels
Spot is presently trading at 1.0661, and next resistance can be seen at 1.0664 (Hourly 100 SMA), 1.0666 (Daily Open), 1.0671 (Daily High) and (Weekly Classic PP). Next support to the downside can be found at 1.0660 (Daily Low), 1.0657 (Daily Classic PP), 1.0649 (Monthly Low), (Weekly Low) and 1.0642 (Daily Classic S1).
AUD/NZD is holding the bottom of a trend channel on the downside at multi weekly lows ahead of key support levels. The June 0.3% month on month did was good news to the RBNZ who have been trying to cool house prices rises with a series of interest rate hikes. With 1.0600 being the psychological, we look at 1.0565 at the bottom of the weekly Bollinger as next level perhaps while the MACD has not yet crossed into over sold levels and gives the bears room to stay committed for the time being. A break below 1.0600 would open up 1.05 as next key target there after to the downside before 1.0490, the January low this year. Then, the low in 2005 comes into play at 1.0425.
AUD/NZD near term levels
Spot is presently trading at 1.0661, and next resistance can be seen at 1.0664 (Hourly 100 SMA), 1.0666 (Daily Open), 1.0671 (Daily High) and (Weekly Classic PP). Next support to the downside can be found at 1.0660 (Daily Low), 1.0657 (Daily Classic PP), 1.0649 (Monthly Low), (Weekly Low) and 1.0642 (Daily Classic S1).