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AUD/NZD breaking up to test offers in mid 1.11’s

FXStreet (Guatemala) - AUD/NZD is trading at 1.1160, up 0.17% on the day, having posted a daily high at 1.1166 and low at 1.1122.

AUD/NZD is breaking up against the general bearish trend but is highly contained by the overshadowing downtrend set on the 1.12 handle and remain well below the pivot at 1.1192. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bearish. Currently RSI is at 64.06, up from the last hourly print at 43.56, with ADX at 39.18, up from its previous close at 17.56. Up ahead we have the Non farm payrolls from the US and cross flows may favour the Aussie over the kiwi if results disappoint in an environment that sees the RBNZ as a risk to the upside in the cross.

AUD/NZD noteworthy levels

Spot is presently trading at 1.1161, and next resistance can be seen at 1.1192 (Daily Classic PP), 1.1227 and (Weekly Classic R1). Next support to the downside can be found at 1.1158 (Hourly 20 EMA), 1.1139 (Daily Open) and 1.1122.

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