AUD/NZD strung out in the middle near familiar support/resistance levels
- The Aussie-Kiwi pairing continues to cycle close levels as the Antipodeans struggle to remain relevant.
- Thin data and little exposure see AUD/NZD grappling with broader market sentiment.
AUD/NZD continues to trade just south of the 1.0600 level as the Antipodean trade back into resistance from November's swing lows.
The pair saw a rapid decline sparked by last week's risk-run in broader markets, torpedoing the Aussie to 1.0167 before the broader market saw a stable recovery, sending the beleaguered Kiwi back into familiar lows.
Market data for both pairs is relatively thin this week, though Aussie Retail Sales figures managed to stage a surprise to the upside early Friday, giving the Aussie hope for a lift heading into the weekend.
AUD/NZD Technical Levels
Today Last Price: 1.0589
Today Daily change: -6.0 pips
Today Daily change %: -0.0566%
Today Daily Open: 1.0595
Previous Daily SMA20: 1.0519
Previous Daily SMA50: 1.0592
Previous Daily SMA100: 1.0746
Previous Daily SMA200: 1.0787
Previous Daily High: 1.0598
Previous Daily Low: 1.0545
Previous Weekly High: 1.057
Previous Weekly Low: 0.9631
Previous Monthly High: 1.0674
Previous Monthly Low: 1.0408
Previous Daily Fibonacci 38.2%: 1.0578
Previous Daily Fibonacci 61.8%: 1.0565
Previous Daily Pivot Point S1: 1.056
Previous Daily Pivot Point S2: 1.0526
Previous Daily Pivot Point S3: 1.0507
Previous Daily Pivot Point R1: 1.0613
Previous Daily Pivot Point R2: 1.0632
Previous Daily Pivot Point R3: 1.0666