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22 Apr 2014
AUD/NZD shedding gains and battling back
FXStreet (Guatemala) - AUD/NZD is currently trading at 1.0889, up 0.06% on the day, having posted a daily high at 1.0892 and low at 1.0866.
AUD/NZD is trading with a relatively positive bias on the hourly charts albeit having shed some gains made at the start of this week. We are awaiting key events in the RBNZ and Australia’s CPI this week. Meanwhile, daily RSI is in neutral territory at 63.45.
AUD/NZD Levels
With spot trading at 1.0891, we can see next resistance ahead at 1.0891 (Daily Classic R1), 1.0892 (Daily High), 1.0908 (Daily Classic R2), 1.0915 (Yesterday's High) and 1.0924 (Daily Classic R3). Support below can be found at 1.0889 (Hourly 20 EMA), 1.0887 (Monthly High), 1.0887 (Weekly High), 1.0887 (YTD High) and 1.0884 (Daily Open). Looking to candlestick patterns, we can see a Hammer formation on the 1-hour chart
AUD/NZD is trading with a relatively positive bias on the hourly charts albeit having shed some gains made at the start of this week. We are awaiting key events in the RBNZ and Australia’s CPI this week. Meanwhile, daily RSI is in neutral territory at 63.45.
AUD/NZD Levels
With spot trading at 1.0891, we can see next resistance ahead at 1.0891 (Daily Classic R1), 1.0892 (Daily High), 1.0908 (Daily Classic R2), 1.0915 (Yesterday's High) and 1.0924 (Daily Classic R3). Support below can be found at 1.0889 (Hourly 20 EMA), 1.0887 (Monthly High), 1.0887 (Weekly High), 1.0887 (YTD High) and 1.0884 (Daily Open). Looking to candlestick patterns, we can see a Hammer formation on the 1-hour chart