OctaFX | OctaFX Forex Broker
Open trading account

AUD/NZD in bearish territory and overboought

FXStreet (Barcelona) - AUD/NZD is trading at 1.1196, down -0.01% on the day, having posted a daily high at 1.1232 and low at 1.1182.

AUD/NZD has been a performer on the bid in the latter part of the month, rallying over two big figures and making higher lows. The September highs are some way off yet where the pair managed a score just sub of the 1.13 handle and the pair however sits in overbought territory here with momentum slacking while below 1.1280. We are in bearish territory with little coming in for support of the Aussie for the rest of the week. Much will now depend on the FOMC next week while the RBNZ could offer further insight into what their position is likely to be entering year end and into 2015.

AUD/NZD noteworthy levels

Spot is presently trading at 1.1197, and next resistance can be seen at 1.1200 (Daily Open), 1.1209 (Daily Classic R3), 1.1211 (Yesterday's High), 1.1226 (Weekly Classic R2) and 1.1232 (Daily High). Next support to the downside can be found at 1.1182 (Daily Low), 1.1179 (Hourly 20 EMA), 1.1144 (Daily Classic R2), 1.1134 (Weekly Classic R1) and 1.1107 (Daily Classic R1).

New Zealand Exports above forecasts ($3.5B) in September: Actual ($3.61B)

Read more Previous

EUR/USD maintains weak tone - FXStreet

Valeria Bednarik, chief analyst at FXStreet explained that the EUR/USD maintains its weak tone.
Read more Next
Start livechat