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Oct 9, 2014
AUD/NZD testing support in mid 1.11 territory
FXStreet (Guatemala) - AUD/NZD is trading at 1.1158, down -0.18% on the day, having posted a daily high at 1.1196 and low at 1.1135.
With a disappointing jobs report overall from Australia, the pair has plummeted to test the space on the mid point of the 1.11 handle and leaves the bird over a cent lower to the Australian dollar in a significant attempt to shake out the stops below 1.1200 that had accumulated post a series of rallies over the last week of September. The New Zealand dollar however remains at the mercy of the bears overall, around 5% lower to the greenback with a RBNZ lurking around intent to ensure the currency remains at favourable levels. The RBA however has so far remained sitting down and simply continues shuffle paper at this point.
AUD/NZD noteworthy levels
Current price is 1.1159, with resistance ahead at 1.1172 1.1187 (Weekly Classic PP) and 1.1199 (Hourly 200 SMA). Next support to the downside can be found at 1.1140 (Daily Classic S1), 1.1139 (Daily 20 SMA) and 1.1102 (Daily Classic S2).
With a disappointing jobs report overall from Australia, the pair has plummeted to test the space on the mid point of the 1.11 handle and leaves the bird over a cent lower to the Australian dollar in a significant attempt to shake out the stops below 1.1200 that had accumulated post a series of rallies over the last week of September. The New Zealand dollar however remains at the mercy of the bears overall, around 5% lower to the greenback with a RBNZ lurking around intent to ensure the currency remains at favourable levels. The RBA however has so far remained sitting down and simply continues shuffle paper at this point.
AUD/NZD noteworthy levels
Current price is 1.1159, with resistance ahead at 1.1172 1.1187 (Weekly Classic PP) and 1.1199 (Hourly 200 SMA). Next support to the downside can be found at 1.1140 (Daily Classic S1), 1.1139 (Daily 20 SMA) and 1.1102 (Daily Classic S2).