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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

AUD/NZD

Overview:
    Today Last Price: 1.0589
    Today Daily change: -6.0 pips
    Today Daily change %: -0.0566%
    Today Daily Open: 1.0595
Trends:
    Previous Daily SMA20: 1.0519
    Previous Daily SMA50: 1.0592
    Previous Daily SMA100: 1.0746
    Previous Daily SMA200: 1.0787
Levels:
    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

 

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