8 Nov 2013
AUD/NZD trendless below 1.1360
FXstreet.com (Chicago) - AUD/NZD stalls attempting to consolidate a reversal after retracing from the 1.1365 zone ahead of Tokyo’s opening and the RBA monetary policy statement.
Australian job market data affected the pair’s price action but a steady recovery was evidenced throughout the European and American trading sessions on Thursday.
AUD/NZD Technical Levels
Technically speaking, the pair is offered at 1.1356 and oscillates between the supports aligned at 1.1341 (September 15th lows), 1.13 (October 17th lows) ahead of 1.1263 (October 2nd lows) and the resistances aligned at 1.14 (October 18th highs), 1.1434 (October 10th highs) followed by 1.1488 (November 5th highs). According to the FXstreet.com trend index on one-hour timeframe analysis the pair is slightly bullish and flows above the EMA20.
Australian job market data affected the pair’s price action but a steady recovery was evidenced throughout the European and American trading sessions on Thursday.
AUD/NZD Technical Levels
Technically speaking, the pair is offered at 1.1356 and oscillates between the supports aligned at 1.1341 (September 15th lows), 1.13 (October 17th lows) ahead of 1.1263 (October 2nd lows) and the resistances aligned at 1.14 (October 18th highs), 1.1434 (October 10th highs) followed by 1.1488 (November 5th highs). According to the FXstreet.com trend index on one-hour timeframe analysis the pair is slightly bullish and flows above the EMA20.