15 Oct 2013
AUD/NZD waits for RBA minutes below 1.1360 front
FXstreet.com (Chicago) - AUD/NZD reached 1.1361 session highs but retraced below the 1.1350 front ahead of Australian data and the release of RBA minutes.
Data
Earlier Chinese data releases favored the pair’s price action sending it to 1.1361 session highs. Ahead of the RBA meeting’s minutes from last session, Australia and market participants hold on for further decisions.
AUD/NZD Technical Levels
Technically speaking, the pair is offered at 1.1348 and oscillates between supports aligned at 1.1322 (October 4th lows), 1.1279 (September 27th highs) ahead of 1.1239 (October 1st lows) and the resistances set at 1.1352 (October 9th lows), 1.1395 (October 7th highs) followed by 1.1441 (October 9th highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis with a neutral EMA20.
Data
Earlier Chinese data releases favored the pair’s price action sending it to 1.1361 session highs. Ahead of the RBA meeting’s minutes from last session, Australia and market participants hold on for further decisions.
AUD/NZD Technical Levels
Technically speaking, the pair is offered at 1.1348 and oscillates between supports aligned at 1.1322 (October 4th lows), 1.1279 (September 27th highs) ahead of 1.1239 (October 1st lows) and the resistances set at 1.1352 (October 9th lows), 1.1395 (October 7th highs) followed by 1.1441 (October 9th highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis with a neutral EMA20.