13 Jan 2015
AUD/NZD climb to 1-week highs
FXStreet (Córdoba) - The aussie is rising against the kiwi for the fourth day in a row and is now on positive territory for the current month.
AUD/NZD broke above 1.0515/20 during the European session and gained bullish momentum. On American hours extended gains and recently peaked at 1.0566, reaching the strongest level since January 5.
From last week lows the pair has rinse more than 200 pips and currently trades near the highs above 1.0550.
AUD/NZD technical levels
To the upside, immediate resistance lies at 1.0570 (January 5 high), 1.0590 and 1.0645/50 (Dec 15 and 16 high). On the opposite direction support might now lie at 1.0515/20, 1.0490 and 1.0475 (daily low).
AUD/NZD broke above 1.0515/20 during the European session and gained bullish momentum. On American hours extended gains and recently peaked at 1.0566, reaching the strongest level since January 5.
From last week lows the pair has rinse more than 200 pips and currently trades near the highs above 1.0550.
AUD/NZD technical levels
To the upside, immediate resistance lies at 1.0570 (January 5 high), 1.0590 and 1.0645/50 (Dec 15 and 16 high). On the opposite direction support might now lie at 1.0515/20, 1.0490 and 1.0475 (daily low).