26 Jun 2014
AUD/NZD taken lower on outperforming NZD
FXStreet (Guatemala) - AUD/NZD is trading at 1.0764, up 0.01% on the day, having posted a daily high at 1.0773 and low at 1.0760.
Mainly due to the US GDP print, NZD outperformed, rising from 0.8670 to 0.8741 while AUD/NZD fell from 1.0800 to 1.0746. We have had some profits taken there but the NZD remains firm with markets searching for yield, and that comes with the NZD at the moment. Currently, the FXStreet OB/OS Index is reflecting neutral hourly conditions for AUD/NZD, while the FXStreet Trend Index is slightly bullish. RSI is at 61.21, up from the last hourly print at 45.64, with ADX at 52.34, up from its previous close at 29.19.
AUD/NZD Levels
Spot is presently trading at 1.0765, and next resistance can be seen at 1.0770 (Hourly 20 EMA), 1.0773 (Daily High), 1.0777 (Daily Classic S1), 1.0793 (Daily 100 SMA) and 1.0793 (Hourly 100 SMA). Support below can be found at 1.0764 (Daily Open), 1.0764 (Monthly Low), 1.0764 (Weekly Low), 1.0760 (Daily Low) and 1.0754 (Daily Classic S2).
Mainly due to the US GDP print, NZD outperformed, rising from 0.8670 to 0.8741 while AUD/NZD fell from 1.0800 to 1.0746. We have had some profits taken there but the NZD remains firm with markets searching for yield, and that comes with the NZD at the moment. Currently, the FXStreet OB/OS Index is reflecting neutral hourly conditions for AUD/NZD, while the FXStreet Trend Index is slightly bullish. RSI is at 61.21, up from the last hourly print at 45.64, with ADX at 52.34, up from its previous close at 29.19.
AUD/NZD Levels
Spot is presently trading at 1.0765, and next resistance can be seen at 1.0770 (Hourly 20 EMA), 1.0773 (Daily High), 1.0777 (Daily Classic S1), 1.0793 (Daily 100 SMA) and 1.0793 (Hourly 100 SMA). Support below can be found at 1.0764 (Daily Open), 1.0764 (Monthly Low), 1.0764 (Weekly Low), 1.0760 (Daily Low) and 1.0754 (Daily Classic S2).