18 Jun 2014
AUD/NZD extending the week long decline
FXStreet (Guatemala) - AUD/NZD is trading at 1.0782, up 0.02% on the day, having posted a daily high at 1.0791 and low at 1.0781.
AUD/NZD has been inching lower since last weeks drop and is placed now behind the 1.08 handle. Meanwhile, Sean Callow, analyst at Westpac Banking Corporation ABN explained that AUD, already battered by the RBA minutes, was not immune to the US dollar’s uplift and fell further to 0.9330 – a nine-day low. NZD fell from 0.8675 to 0.8643. The GlobalDairyTrade auction saw whole milk powder rise 2.4% but the market impact was negligible. AUD/NZD extended a week-long decline from 1.0810 to 1.0780.
AUD/NZD Levels
Spot is presently trading at 1.0784, and next resistance can be seen at 1.0791 (Daily High), (Daily Classic S2), 1.0792 (Daily 100 SMA), 1.0796 (Hourly 20 EMA) and 1.0813 (Daily Classic S1). Support below can be found at 1.0784 (Daily Open), 1.0781 (Daily Low), 1.0781 (Yesterday's Low), 1.0772 (Weekly Classic S1) and 1.0771 (Daily Classic S3).
AUD/NZD has been inching lower since last weeks drop and is placed now behind the 1.08 handle. Meanwhile, Sean Callow, analyst at Westpac Banking Corporation ABN explained that AUD, already battered by the RBA minutes, was not immune to the US dollar’s uplift and fell further to 0.9330 – a nine-day low. NZD fell from 0.8675 to 0.8643. The GlobalDairyTrade auction saw whole milk powder rise 2.4% but the market impact was negligible. AUD/NZD extended a week-long decline from 1.0810 to 1.0780.
AUD/NZD Levels
Spot is presently trading at 1.0784, and next resistance can be seen at 1.0791 (Daily High), (Daily Classic S2), 1.0792 (Daily 100 SMA), 1.0796 (Hourly 20 EMA) and 1.0813 (Daily Classic S1). Support below can be found at 1.0784 (Daily Open), 1.0781 (Daily Low), 1.0781 (Yesterday's Low), 1.0772 (Weekly Classic S1) and 1.0771 (Daily Classic S3).