OctaFX | OctaFX Forex Broker
Open trading account
Back

AUD/NZD falls below 200-DMA

FXStreet (Mumbai) - The Aussie fell against the New Zealand Dollar, taking the AUD/NZD pair below the 200-DMA located at 1.0916.

The AUD/NZD pair traded 0.23% lower at 1.0901 levels at the time of writing. The Australian dollar was hurt by the downbeat construction data. Construction work completed fell by 2.2% in the third quarter, more than the expected 1.7% decline. Meanwhile, the New Zealand gained 0.37% against the US Dollar, which further pressurized the AUD/NZD cross.

AUD/NZD Technical Levels

The pair has an immediate resistance of the 200-DMA located at 1.0916 levels, above which the pair faces stiff resistance at 1.0978 levels. Meanwhile, the support is seen at 1.0852 and 1.0838 levels.

Sweden Trade Balance (MoM) down to -0.2B in October from previous 1.4B

Read more Previous

USD/JPY drifting lower around 117.70

The greenback remains on the soft side vs. the Japanese currency on Wednesday, dragging USD/JPY to session lows in the 117.75/70 band...
Read more Next
Start livechat