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AUD/NZD held up on the downside at key 1.1000

FXStreet (Barcelona) - AUD/NZD is trading at 1.1041, up 0.32% on the day, having posted a daily high at 1.1089 and low at 1.1006.

AUD/NZD broke up through 1.1060 resistance on a spike that scored the high before retracing and then moving back into a drift to the upside where 1.1060 now acts as the resistance yet again. The NZD has been the best performer of the pair and medium term headwinds prevail in a market place with plenty of turmoil yet. The NZD however remains sensitive to the RBNZ each time comments are reiterated that the NZD level is unsustainable. Longer term, the bullish trend remains in place from 1.0550 with 1.1000 as major support.

AUD/NZD noteworthy levels

Current price is 1.1042, with resistance ahead at 1.1045 (Daily Classic R1), 1.1054 (Weekly Classic S1) and 1.1083 (Daily Classic R2). Next support to the downside can be found at 1.1027 (Hourly 20 EMA), 1.1019 (Daily Classic PP), the psychological 1.1000 and 1.0980.

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