28 Oct 2013
AUD/NZD ascending gradually; aiming to break 1.1580 front
FXstreet.com (Chicago) - AUD/NZD continues printing higher highs and lows on light data releases day in Asia.
AUD/NZD Technical Levels
Technically speaking, the pair is offered at 1.1566 and oscillates between the supports aligned at 1.1536 (August 29th highs), 1.1475 (September 7th lows) ahead of 1.14 (September 24th highs) and the resistances set at 1.16 (August 28th highs), 1.1646 (July 2nd lows) followed by 1.1691 (July 22nd highs). Price action reveals the pair picks up after trading to the downside the first semester of the year. Consolidating the reversal that started at the beginning of the month on improved Australian results, the upward trendline from September 30th remains intact.
AUD/NZD Technical Levels
Technically speaking, the pair is offered at 1.1566 and oscillates between the supports aligned at 1.1536 (August 29th highs), 1.1475 (September 7th lows) ahead of 1.14 (September 24th highs) and the resistances set at 1.16 (August 28th highs), 1.1646 (July 2nd lows) followed by 1.1691 (July 22nd highs). Price action reveals the pair picks up after trading to the downside the first semester of the year. Consolidating the reversal that started at the beginning of the month on improved Australian results, the upward trendline from September 30th remains intact.