10 Jul 2014
AUD/NZD falling back gains on the initial spike
FXStreet (Guatemala) - AUD/NZD is trading at 1.0667, having posted a daily high at 1.0707 and low at 1.0664.
AUD/NZD has sunk like a stone post the knee jerk through 1.07 handle and the jobs data that came mixed. Read about that here. Meanwhile, Sean Lee, analyst at FXWW, explained that we can look out for a break in NZD/USD above 0.8850 for a sell entry into AUD/NZD. We have seen a high so far of 0.8838 in the session. Daily RSI in AUD/NZD sits at 36.06, in neutral territory. Looking to momentum indicators, the hourly 200 SMA is currently at 1.0690, down from the last close at 1.0729 and declining.
AUD/NZD Levels
Spot is presently trading at 1.0668, and next resistance can be seen at 1.0669 (Daily Open), 1.0678 (Hourly 20 EMA), 1.0679 (Daily Classic PP),1.0697 (Daily Classic R1) and 1.0697 (Hourly 100 SMA). Next support to the downside can be found at 1.0667 (Monthly Low), (Weekly Low), 1.0664 (Daily Low), 1.0660 (Yesterday's Low) and 1.0648 (Daily Classic S1).
AUD/NZD has sunk like a stone post the knee jerk through 1.07 handle and the jobs data that came mixed. Read about that here. Meanwhile, Sean Lee, analyst at FXWW, explained that we can look out for a break in NZD/USD above 0.8850 for a sell entry into AUD/NZD. We have seen a high so far of 0.8838 in the session. Daily RSI in AUD/NZD sits at 36.06, in neutral territory. Looking to momentum indicators, the hourly 200 SMA is currently at 1.0690, down from the last close at 1.0729 and declining.
AUD/NZD Levels
Spot is presently trading at 1.0668, and next resistance can be seen at 1.0669 (Daily Open), 1.0678 (Hourly 20 EMA), 1.0679 (Daily Classic PP),1.0697 (Daily Classic R1) and 1.0697 (Hourly 100 SMA). Next support to the downside can be found at 1.0667 (Monthly Low), (Weekly Low), 1.0664 (Daily Low), 1.0660 (Yesterday's Low) and 1.0648 (Daily Classic S1).