9 Apr 2014
AUD/NZD down rejected at 1.08 handle
FXStreet (Guatemala) - Currently, AUD/NZD is trading at 1.0779, down -0.05% on the day, having posted a daily high at 1.0804 and low at 1.0775.
AUD/NZD is trying to claim back the 0.08 handle but is seeing supply there currently and we are back to 1.0780 territory. New Zealand released Card retails sales coming in 0.4% missing 0.4% consensus. Meanwhile, we are awaiting Australian data in the form of Westpac Consumer Confidence.
Daily RSI sits at 58.08, in neutral territory
Looking to momentum indicators, the hourly 200 SMA is currently at 1.0778, up from the last close at 1.0742 and climbing. Over the past 20 days, the exponential average closing price is 1.0713, and trending higher.
AUD/NZD Levels
Current price is 1.0782, with resistance ahead at 1.0786 (Daily Classic PP), 1.0790 (Daily Open), 1.0791 (Hourly 100 SMA), 1.0804 (Daily High) and 1.0804 (Yesterday's High). Next support to the downside can be found at 1.0781 (Hourly 20 EMA), 1.0775 (Daily Low), 1.0758 (Weekly Classic PP), 1.0750 (Daily ClassicS1) and 1.0745 (Yesterday's Low).
AUD/NZD is trying to claim back the 0.08 handle but is seeing supply there currently and we are back to 1.0780 territory. New Zealand released Card retails sales coming in 0.4% missing 0.4% consensus. Meanwhile, we are awaiting Australian data in the form of Westpac Consumer Confidence.
Daily RSI sits at 58.08, in neutral territory
Looking to momentum indicators, the hourly 200 SMA is currently at 1.0778, up from the last close at 1.0742 and climbing. Over the past 20 days, the exponential average closing price is 1.0713, and trending higher.
AUD/NZD Levels
Current price is 1.0782, with resistance ahead at 1.0786 (Daily Classic PP), 1.0790 (Daily Open), 1.0791 (Hourly 100 SMA), 1.0804 (Daily High) and 1.0804 (Yesterday's High). Next support to the downside can be found at 1.0781 (Hourly 20 EMA), 1.0775 (Daily Low), 1.0758 (Weekly Classic PP), 1.0750 (Daily ClassicS1) and 1.0745 (Yesterday's Low).