22 Jul 2013
AUD/NZD above 1.16 on Kiwi weakness
FXstreet.com (Barcelona) - The AUD/NZD foreign exchange cross rate is last quoted at 1.1607, off recent session highs at 1.1648, as seismic activity has been reported in NZ, and “Treasury staff asked to stay home,” the official Twitter account reported.
AUD/NZD strong support at 1.15
“I’m hearing that there will be decent sized buying interest near 1.1500 and local dealers expect the Antipodean cross to struggle to break below this support any-time soon,” said FXWW founder Sean Lee, who sees “Resistance is clear 1.1750/75 so further slow range trading with a bearish bias might be the order of the day.”
AUD/NZD key technical levels
Immediate resistance to the upside for AUD/NZD shows at current levels as past Tuesday's lows 1.1613, followed by recent session highs at 1.1648, and Thursday's highs at 1.1697. To the downside, closest support lies at July 12/Thursday's lows 1.1580, followed by Friday's fresh 4.5-year lows at 1.1539, and March 2007 highs at 1.1483.
AUD/NZD strong support at 1.15
“I’m hearing that there will be decent sized buying interest near 1.1500 and local dealers expect the Antipodean cross to struggle to break below this support any-time soon,” said FXWW founder Sean Lee, who sees “Resistance is clear 1.1750/75 so further slow range trading with a bearish bias might be the order of the day.”
AUD/NZD key technical levels
Immediate resistance to the upside for AUD/NZD shows at current levels as past Tuesday's lows 1.1613, followed by recent session highs at 1.1648, and Thursday's highs at 1.1697. To the downside, closest support lies at July 12/Thursday's lows 1.1580, followed by Friday's fresh 4.5-year lows at 1.1539, and March 2007 highs at 1.1483.