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AUD/NZD awaits Chinese HSBC PMI

FXStreet (Guatemala) - AUD/NZD is trading at 1.0940, up 0.15% on the day, having posted a daily high at 1.0945 and low at 1.0923.

AUD/NZD has moved higher away from the low and key support. While there is limited data released from the this week’s NZ calendar besides trade balance on Wednesday there’s also the possibility of an announcement on the milk payout from Fonterra on Wednesday as well. Meanwhile, attention for today for the pair will reside with Chinese HSBC manufacturing PMI which may offer further support to the cross if the numbers come in above 50. Currently, the FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bullish.

AUD/NZD near term levels

With spot trading at 1.0941, we can see next resistance ahead at 1.0946 (Daily Classic S2), 1.0964 (Daily Classic S1) and 1.0983. Support below can be found at 1.0939 (Hourly 20 EMA), 1.0926 and 1.0919 and 1.0880.

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NZD/USD is trading at 0.8111, down -0.11% on the day, having posted a daily high at 0.8122 and low at 0.8106.
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