12 Jan 2015
AUD/NZD flirts with 1.05 handle
FXStreet (Mumbai) - The AUD/NZD pair continues to hover near 1.05 handle, after having bounced-off from the 10-DMA located at 1.0468 levels.
The Aussie rose to a one-month high of 0.8255 against the US dollar after a mixed Australian data released today triggered a much awaited technical recovery in the AUD/USD pair. Australian job advertisements rose 1.8% in December, after a 0.7% gain the previous month, while home loans in fell 0.7% in November, disappointing expectations for an increase of 2.0%. Meanwhile, the NZD/USD pair fell 0.24% today to 0.7820 levels, thereby snapping a four day winning streak. Consequently, the AUD/NZD cross rose to 1.0518, before settling near the current rate of 1.05; up 0.31% for the day.
AUD/NZD Technical Levels
The pair has an immediate resistance at 1.0518, above which it could test 1.0540 (Jan. 6th high). Meanwhile, support is seen at 1.0468 (10-DMA) and 1.0447 (Dec. 26th low).
The Aussie rose to a one-month high of 0.8255 against the US dollar after a mixed Australian data released today triggered a much awaited technical recovery in the AUD/USD pair. Australian job advertisements rose 1.8% in December, after a 0.7% gain the previous month, while home loans in fell 0.7% in November, disappointing expectations for an increase of 2.0%. Meanwhile, the NZD/USD pair fell 0.24% today to 0.7820 levels, thereby snapping a four day winning streak. Consequently, the AUD/NZD cross rose to 1.0518, before settling near the current rate of 1.05; up 0.31% for the day.
AUD/NZD Technical Levels
The pair has an immediate resistance at 1.0518, above which it could test 1.0540 (Jan. 6th high). Meanwhile, support is seen at 1.0468 (10-DMA) and 1.0447 (Dec. 26th low).