20 Jun 2014
AUD/NZD claiming key ground ahead of 1.08 handle
FXStreet (Guatemala) - AUD/NZD is trading at 1.0796, up 0.14% on the day, having posted a daily high at 1.0798 and low at 1.0779.
AUD/NZD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish. RSI is in neutral territory at 62.82, up from it’s last hourly close at 54.58, and this allows room for further upside yet, while ADX is ranging above 30 at 26.00, up from 15.40 at the last hourly close. Meanwhile, there is nothing from the calendar today as we end the week and next week is also empty. However, as Rob Rennie, analyst at Westpac Banking Corporation ABN explained the next big event will be on July 1, with the RBA meeting. “Retail sales on July 3 will also be interesting - warm weather has hurt winter sales, and this has been very visible in a number of earnings downgrades in the retailer sector recently”.
AUD/NZD Levels
Current price is 1.0797, with resistance ahead at 1.0798 (Daily High), 1.0799 (Hourly 100 SMA), 1.0814 (Yesterday's High), 1.0814 (Daily Classic R2) and 1.0837 (Daily Classic R3). Next support to the downside can be found at 1.0795 (Daily 100 SMA), 1.0792 (Daily Classic R1), 1.0789 (Hourly 20 EMA), 1.0783 (Daily Open) and 1.0779 (Daily Low).
AUD/NZD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish. RSI is in neutral territory at 62.82, up from it’s last hourly close at 54.58, and this allows room for further upside yet, while ADX is ranging above 30 at 26.00, up from 15.40 at the last hourly close. Meanwhile, there is nothing from the calendar today as we end the week and next week is also empty. However, as Rob Rennie, analyst at Westpac Banking Corporation ABN explained the next big event will be on July 1, with the RBA meeting. “Retail sales on July 3 will also be interesting - warm weather has hurt winter sales, and this has been very visible in a number of earnings downgrades in the retailer sector recently”.
AUD/NZD Levels
Current price is 1.0797, with resistance ahead at 1.0798 (Daily High), 1.0799 (Hourly 100 SMA), 1.0814 (Yesterday's High), 1.0814 (Daily Classic R2) and 1.0837 (Daily Classic R3). Next support to the downside can be found at 1.0795 (Daily 100 SMA), 1.0792 (Daily Classic R1), 1.0789 (Hourly 20 EMA), 1.0783 (Daily Open) and 1.0779 (Daily Low).