12 Jul 2013
AUD/NZD still inside the 1.165/1.175 trading range
FXstreet.com (Barcelona) - The AUDNZD foreign exchange cross rate is last trading at fresh session lows 1.1680, off early NY session highs at 1.1756, printed on the back of Kiwi weakness.
AUD/NZD trend remains down
According to IFR Markets, “falling 21D Bollis and 10 DMA suggest the trend remains down.” They also warn “some caution as RSI doesn't confirm the new low and potential for a bullish hammer.” “Our target remains 1.1470 for now,” the analysts added.
AUD/NZD key technical levels
Immediate support to the downside for AUD/NZD lies at July 03/04/05/09 lows 1.1646, followed by recent session/fresh 4.5-year lows at 1.1617, and June 2003 highs at 1.1596. To the upside, closest resistance shows at July 04 highs 1.1728, followed by NY session/yesterday's highs at 1.1749/56, and past Friday's highs at 1.1792.
AUD/NZD trend remains down
According to IFR Markets, “falling 21D Bollis and 10 DMA suggest the trend remains down.” They also warn “some caution as RSI doesn't confirm the new low and potential for a bullish hammer.” “Our target remains 1.1470 for now,” the analysts added.
AUD/NZD key technical levels
Immediate support to the downside for AUD/NZD lies at July 03/04/05/09 lows 1.1646, followed by recent session/fresh 4.5-year lows at 1.1617, and June 2003 highs at 1.1596. To the upside, closest resistance shows at July 04 highs 1.1728, followed by NY session/yesterday's highs at 1.1749/56, and past Friday's highs at 1.1792.