OctaFX | OctaFX Forex Broker
Open trading account
Back

AUD/NZD smashing through key support and targets S3

FXStreet (Guatemala) - AUD/NZD is trading at 1.1179, down -0.49% on the day, having posted a daily high at 1.1251 and low at 1.1163.

AUD/NZD has been hit hard on the back of the bird taking flight across the board on the basis of the latest domestic data from New Zealand. Employment Change registered at 0.8% above expectations (0.6%) in 3Q while the Unemployment Rate meets forecasts (5.4%) in 3Q. The pair has smashed through key support with ease and now penetrates the 1.1180 supporting level. The next hurdle that has been protected with a feeble bounce has been the mid point of the handle and August / September congestion and positioning of S3.

AUD/NZD noteworthy levels

Spot is presently trading at 1.1181, and next resistance can be seen at 1.1185 (Daily Classic S2), 1.1186 (Weekly Classic S1), 1.1207 (Yesterday's Low), 1.1215 (Hourly 200 SMA) and 1.1218 (Daily Classic S1). Support below can be found at 1.1178 (Weekly Low), 1.1169 (Daily 20 SMA), 1.1163 (Daily Low), 1.1147 (Daily Classic S3) and 1.1078 (Weekly Classic S2).

NZD/JPY propelled to test key resistance

NZD/JPY is trading at 88.81, up 0.50% on the day, having posted a daily high at 88.93 and low at 88.20.
Read more Previous

AUD/USD: Key levels holding up so far - Societe Generale

Kit Juckes, Global Head of Currency Strategy at Societe Generale explained and noted that the RBA left rates on hold - and will keep them there.
Read more Next
Start livechat