27 Sep 2013
AUD/NZD prints session lows at 1.1286
FXstreet.com (Chicago) - AUD/NZD continues extending losses at the closing of Wall Street and ahead of the ANZ business confidence results in New Zealand.
Kiwi wasn’t rotten after all?
Prior to Tokyo’s opening, the pair extends the downward trendline that started last September 25th after reaching 1.1380 peaks. Printing session lows at 1.1286, the Aussie weakens against a stronger kiwi that fought back today after a weak weekly performance. Technically speaking, the pair is offered at 1.1294 and oscillates between supports aligned at 1.1280 (September 24th lows), 1.1246 (September 19th lows) ahead of 1.1210 (September 20th lows) and resistances set at 1.1324 (September 19th highs), 1.1380 (September 17th highs) followed by 1.1435 (September 16th highs). According to the FXstreet.com trend index, the pair is slightly bearish on one-hour timeframe analysis below the EMA20.
Kiwi wasn’t rotten after all?
Prior to Tokyo’s opening, the pair extends the downward trendline that started last September 25th after reaching 1.1380 peaks. Printing session lows at 1.1286, the Aussie weakens against a stronger kiwi that fought back today after a weak weekly performance. Technically speaking, the pair is offered at 1.1294 and oscillates between supports aligned at 1.1280 (September 24th lows), 1.1246 (September 19th lows) ahead of 1.1210 (September 20th lows) and resistances set at 1.1324 (September 19th highs), 1.1380 (September 17th highs) followed by 1.1435 (September 16th highs). According to the FXstreet.com trend index, the pair is slightly bearish on one-hour timeframe analysis below the EMA20.