OctaFX | OctaFX Forex Broker
Open trading account

AUD/NZD with 12 handle in it;s sights

FXStreet (Guatemala) - AUD/NZD is trading at 1.1147, up 0.05% on the day, having posted a daily high at 1.1152 and low at 1.1103.

As we await the Reserve Bank FX transactions coming up to understand if whether the Central Bank did indeed intervene in August, the pair is well bid through the 1.11 handle and has 1.12 in it’s sights if it can break up through the resistance here. Meanwhile, analysts at BNZ commented in respect on the RBNZ suggesting that expectations of central bank “intervention” are all the more intense now, following Governor Wheeler’s strident statement/speech of last Thursday. “Laden, as it was, with threats of such. Some have argued that the speech was, amongst other things, a deliberately timed prelude to evidence of NZD net selling in today’s transaction numbers”.

AUD/NZD noteworthy levels

With spot trading at 1.1148, we can see next resistance ahead at 1.1152, 1.1158, 1.1178 (Daily Classic R1), 1.1215 (Daily Classic R2) and 1.1227 (Weekly Classic R1). Support below can be found at 1.1142 (Weekly High), 1.1122 (Daily Classic PP), 1.1112 (Hourly 20 EMA) and 1.1103.

EUR/JPY remains in negative territory sub 139.15

EUR/JPY is trading at 138.65, up 0.04% on the day, having posted a daily high at 138.78 and low at 138.57.
Read more Previous

Expectations of RBNZ 'intervention' all the more intense - BNZ

Craig Ebert, Senior Economist at BNZ, shares his view over the latest intervention threat by the RBNZ, which has helped the NZD bear case by cheapening the rate close to 0.78 at present.
Read more Next
Start livechat