30 Oct 2013
AUD/NZD subdued below 1.15
FXstreet.com (Chicago) - AUD/NZD remains under high pressure after the release of the RBNZ interest rate results.
New Zealand maintained its interest rates at 2.5%, matching expectations and strengthening the kiwi. The country just released building permits at 1.40% vs. past 1.54%. Market participants also wait for the ANZ business confidence results.
AUD/NZD Technical Levels
Technically speaking, the pair is offered at 1.1472 oscillating between the supports aligned at 1.1434 (October 10th highs), 1.1395 (September 24th highs) ahead of 1.1341 (October 17th highs) and the resistances set at 1.1478 (September 8th highs), 1.1517 (October 29th highs) followed by 1.1554 (September 10th highs). Price action reveals the pair finds grounds within yesterday’s boundaries after fall from the 1.15 zone. Primary and secondary trends diverge with the latter pointing down similarly to the short-term one. Below the EMA20 on hourly charts, the FXstreet.com trend index reports the pair as strongly bearish.
New Zealand maintained its interest rates at 2.5%, matching expectations and strengthening the kiwi. The country just released building permits at 1.40% vs. past 1.54%. Market participants also wait for the ANZ business confidence results.
AUD/NZD Technical Levels
Technically speaking, the pair is offered at 1.1472 oscillating between the supports aligned at 1.1434 (October 10th highs), 1.1395 (September 24th highs) ahead of 1.1341 (October 17th highs) and the resistances set at 1.1478 (September 8th highs), 1.1517 (October 29th highs) followed by 1.1554 (September 10th highs). Price action reveals the pair finds grounds within yesterday’s boundaries after fall from the 1.15 zone. Primary and secondary trends diverge with the latter pointing down similarly to the short-term one. Below the EMA20 on hourly charts, the FXstreet.com trend index reports the pair as strongly bearish.