8 Aug 2013
AUD/NZD takes off to reach 1.1397 intraday highs
FXstreet.com (Chicago) - AUD/NZD soared to mark 1.1397 intraday highs post labor data releases in Australia.
Earlier in Australia, job data revealed weaker-than-expected results with employment change at -10,200 vs. previous 9,300 and expected 5,000. The kiwi weakened considerably as it gave 0.88% grounds to the Aussie that traded at 1.1387 between supports at 1.1387 (August 6th highs), 1.1358 (August 1st highs), 1.1332 (July 29th lows) and resistances at 1.1315 (August 6th highs), 1.1479 (August 5th highs) ahead of 1.1429 (July 28th lows).
The FXstreet trend index reported the pair as slightly bullish on one-hour timeframe analysis as the price navigated above short and long haul moving averages along with MACD and CCI indicators pointing up.
Earlier in Australia, job data revealed weaker-than-expected results with employment change at -10,200 vs. previous 9,300 and expected 5,000. The kiwi weakened considerably as it gave 0.88% grounds to the Aussie that traded at 1.1387 between supports at 1.1387 (August 6th highs), 1.1358 (August 1st highs), 1.1332 (July 29th lows) and resistances at 1.1315 (August 6th highs), 1.1479 (August 5th highs) ahead of 1.1429 (July 28th lows).
The FXstreet trend index reported the pair as slightly bullish on one-hour timeframe analysis as the price navigated above short and long haul moving averages along with MACD and CCI indicators pointing up.