8 Aug 2013
AUD/NZD struggling to stay above 1.13 ahead of Aussie jobs data
FXstreet.com (Barcelona) - The AUD/NZD foreign exchange cross rate is last trading at 1.1294 bids, off recent double weekly low at 1.1263, following impressive Kiwi recovering after awful weekly start, ahead of Australian unemployment rate due at 01:30 GMT.
AUD/NZD still holding above key 1.1265 support
The cross could not manage to retain initial weekly gains that came after the Fonterra fiasco, and trades last a -0.53% lower for the week so far, ahead of a busy session in the Asia-Pacific, with China trade balance data also to be released at some point of the session ahead. IFRMarkets is looking for a long entry at 1.1265 with a stop loss at 1.1125 and a target at 1.1570.
AUD/NZD key technical levels
Immediate support to the downside for AUD/NZD lies at recent double weekly/Friday's lows 1.1263/57, followed by late Thursday's London session lows at 1.1238, and fresh 4.5-year August 01 lows at 1.1194 .To the upside, closest resistance shows at recent session highs/July 30 lows 1.1323, followed by Monday's lows/past Thursday's highs 1.1350/57, and July 25 lows at 1.1393.
AUD/NZD still holding above key 1.1265 support
The cross could not manage to retain initial weekly gains that came after the Fonterra fiasco, and trades last a -0.53% lower for the week so far, ahead of a busy session in the Asia-Pacific, with China trade balance data also to be released at some point of the session ahead. IFRMarkets is looking for a long entry at 1.1265 with a stop loss at 1.1125 and a target at 1.1570.
AUD/NZD key technical levels
Immediate support to the downside for AUD/NZD lies at recent double weekly/Friday's lows 1.1263/57, followed by late Thursday's London session lows at 1.1238, and fresh 4.5-year August 01 lows at 1.1194 .To the upside, closest resistance shows at recent session highs/July 30 lows 1.1323, followed by Monday's lows/past Thursday's highs 1.1350/57, and July 25 lows at 1.1393.