19 Jun 2014
AUD/NZD testing upside out of congestion
FXStreet (Guatemala) - Currently, AUD/NZD is trading at 1.0778, up 0.10% on the day, having posted a daily high at 1.0783 and low at 1.0761.
AUD/NZD is gathering bids with the downtrend pausing through the 1.08 handle at 1.0750/60. AUD/NZD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish. There has been a pop up to test the resistance out of the congestion here on the release of the GDP numbers that were mixed in relation to outcome vs consensuses. RSI is in neutral territory at 63.56, up from it’s last hourly close at 43.82, while ADX is ranging above 30 at 11.22, down from 25.03 at the last hourly close. Looking to a daily chart, we see that RSI is neutral at 38.47.
AUD/NZD Levels
Current price is 1.0780, with resistance ahead at 1.0783 (Daily High), 1.0791 (Yesterday's High), 1.0793 (Daily 100 SMA), 1.0801 (Daily Classic PP) and 1.0815 (Hourly 100 SMA). Next support to the downside can be found at 1.0772 (Weekly Classic S1), 1.0771 (Hourly 20 EMA), (Daily Open), 1.0770 (Monthly Low) and (Weekly Low).
AUD/NZD is gathering bids with the downtrend pausing through the 1.08 handle at 1.0750/60. AUD/NZD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish. There has been a pop up to test the resistance out of the congestion here on the release of the GDP numbers that were mixed in relation to outcome vs consensuses. RSI is in neutral territory at 63.56, up from it’s last hourly close at 43.82, while ADX is ranging above 30 at 11.22, down from 25.03 at the last hourly close. Looking to a daily chart, we see that RSI is neutral at 38.47.
AUD/NZD Levels
Current price is 1.0780, with resistance ahead at 1.0783 (Daily High), 1.0791 (Yesterday's High), 1.0793 (Daily 100 SMA), 1.0801 (Daily Classic PP) and 1.0815 (Hourly 100 SMA). Next support to the downside can be found at 1.0772 (Weekly Classic S1), 1.0771 (Hourly 20 EMA), (Daily Open), 1.0770 (Monthly Low) and (Weekly Low).