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7 Jul 2014
AUD/NZD picking up some further optimism
FXStreet (Guatemala) - AUD/NZD is trading at 1.0728, up 0.15% on the day, having posted a daily high at 1.0729 and low at 1.0700.
With a small step up on the 1.07 handle, the pair is retaining its bullish bias despite the heavy off load of aussie on the markets of late and is recovering the slide from 1.0760 support seen towards the end of last week. Meanwhile, daily RSI is in neutral territory at 39.97. There is however some attention to the RBNZ’s less bullish outlook for the economy of late and it seems that the market is paying close attention to the strength of the bird currently.
AUD/NZD Levels
With spot trading at 1.0728, we can see next resistance ahead at 1.0729 (Daily High), 1.0732 (Daily Classic R1), 1.0738 (Weekly Classic PP), 1.0746 (Hourly 100 SMA) and 1.0751 (Hourly 200 SMA). Support below can be found at 1.0724 (Yesterday's High), 1.0709 (Hourly 20 EMA), 1.0704 (Daily Open), (Daily Classic PP) and 1.0700 (Daily Low).
With a small step up on the 1.07 handle, the pair is retaining its bullish bias despite the heavy off load of aussie on the markets of late and is recovering the slide from 1.0760 support seen towards the end of last week. Meanwhile, daily RSI is in neutral territory at 39.97. There is however some attention to the RBNZ’s less bullish outlook for the economy of late and it seems that the market is paying close attention to the strength of the bird currently.
AUD/NZD Levels
With spot trading at 1.0728, we can see next resistance ahead at 1.0729 (Daily High), 1.0732 (Daily Classic R1), 1.0738 (Weekly Classic PP), 1.0746 (Hourly 100 SMA) and 1.0751 (Hourly 200 SMA). Support below can be found at 1.0724 (Yesterday's High), 1.0709 (Hourly 20 EMA), 1.0704 (Daily Open), (Daily Classic PP) and 1.0700 (Daily Low).