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AUD/NZD ringing negative alarms

FXStreet (Guatemala) - AUD/NZD is trading at 1.1022, down -0.40% on the day, having posted a daily high at 1.1089 and low at 1.1019.

AUD/NZD has dropped into negative territory with the kiwi moving in a continuation to the upside vs the greenback meeting resistance ahead of 0.7960. The cross broke the, 38% fib rising trendline from Sept 22nd and the 100DMA. S2 marks next target for the bears ad a break would open up prospects for the SMA 200 at 109.12 for August and September business of 2014 from where the pair began to make higher daily lows.

AUD/NZD noteworthy levels

With spot trading at 1.1023, we can see next resistance ahead at 1.1033 (Daily 100 SMA), 1.1040 (Daily Classic S1), 1.1048 (Hourly 20 EMA) and 1.1050 (Weekly Low). Support below can be found at 1.1014 (Weekly Classic S1), 1.1011 (Daily Classic S2), 1.1007 (Monthly Low) and 1.0989 (Daily Classic S3).

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