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AUD/NZD threatens the psychological 1.09 handle

FXStreet (Guatemala) - AUD/NZD is trading at 1.0929, up 0.12% on the day, having posted a daily high at 1.0934 and low at 1.0912.

AUD/NZD is consolidating the extension of the move from 1.1000 to the downside this week while the Aussie pulled the short straw in European IFO numbers at the start of the European shift yesterday and has ben left on the offer ever since now that China’s surprise cut has been digested. Also, we had RBA’s deputy, Lowe, talking down the Aussie yet again suggesting the Central Bank would like to see the AUD/USD falling further. From now on, the markets will be dominated by US data at the end of this month.

AUD/NZD noteworthy short-term levels

Current price is 1.0931, with resistance ahead at 1.0938 (Hourly 20 EMA), 1.0939 (Daily Classic PP) and 1.0966 (Hourly 10 SMA / Daily Classic R1). Next support to the downside can be found at 1.0926 (Weekly Classic S1) and 1.0917 (Daily 200 SMA) ahead of 1.0900 key support and psychological level.

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