18 Nov 2013
AUD/NZD tamed at 2-month bottoms
FXstreet.com (Chicago) - AUD/NZD continues trading around all-year lows extending the bearish channel hat started last October 24th. With Chinese data coming in, some volatility is expected.
AUD/NZD Technical Levels
Technically speaking, the pair is offered at 1.1230 and oscillates between the supports aligned at 1.1263 (November 6th lows), 1.12 (October 13th lows) ahead of 1.1155 (October 22nd lows) and the resistances aligned at 1.13 (September 30th lows), 1.1341 (November 10th lows 2007) followed by 1.1380 (February 20th lows 2007). According to the FXstreet.com trend index on one-hour timeframe analysis, the pair is slightly bearish and navigates below the EMA20.
AUD/NZD Technical Levels
Technically speaking, the pair is offered at 1.1230 and oscillates between the supports aligned at 1.1263 (November 6th lows), 1.12 (October 13th lows) ahead of 1.1155 (October 22nd lows) and the resistances aligned at 1.13 (September 30th lows), 1.1341 (November 10th lows 2007) followed by 1.1380 (February 20th lows 2007). According to the FXstreet.com trend index on one-hour timeframe analysis, the pair is slightly bearish and navigates below the EMA20.