8 Dec 2014
AUD/NZD heavily bid towards R2
FXStreet (Guatemala) - AUD/NZD is trading at 1.0852, up 0.53% on the day, having posted a daily high at 1.0859 and low at 1.0776.
AUD/NZD is heavily bid and traders are getting out of the kiwi ahead of this weeks bearish outlook for the pair with the RBNZ coming up with Imre Speizer, analyst at Westpac Banking Corporation ABN, suggesting that a downgraded inflation and interest rate forecast are on the cards, repeating the warning that the NZD remains too high.
AUD/NZD levels as approaching key R2
Spot is presently trading at 1.0854, and next resistance can be seen at 1.0878 (Daily Classic R3), 1.0909 (Weekly Classic R2), 1.0918 (Daily 200 SMA) and 1.0922 (Daily 20 SMA). Next support to the downside can be found at 1.0853 (Weekly Classic R1), 1.0848 (Daily Classic R2), 1.0831 (Hourly 200 SMA), 1.0830 (Weekly High) and 1.0822 (Daily Classic R1).
AUD/NZD is heavily bid and traders are getting out of the kiwi ahead of this weeks bearish outlook for the pair with the RBNZ coming up with Imre Speizer, analyst at Westpac Banking Corporation ABN, suggesting that a downgraded inflation and interest rate forecast are on the cards, repeating the warning that the NZD remains too high.
AUD/NZD levels as approaching key R2
Spot is presently trading at 1.0854, and next resistance can be seen at 1.0878 (Daily Classic R3), 1.0909 (Weekly Classic R2), 1.0918 (Daily 200 SMA) and 1.0922 (Daily 20 SMA). Next support to the downside can be found at 1.0853 (Weekly Classic R1), 1.0848 (Daily Classic R2), 1.0831 (Hourly 200 SMA), 1.0830 (Weekly High) and 1.0822 (Daily Classic R1).