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12 Nov 2014
AUD/NZD drops to 3-week lows
FXStreet (Córdoba) - The aussie reversed sharply against the kiwi and fell from 2-day highs to 3-week lows in less than 24 hours. AUD/NZD recently printed a fresh low at 1.1052 and currently trades at 1.1065, down 0.75% for the day.
AUD/NZD technical levels
The pair weakened further after breaking an important support located at 1.1090 - 1.1100, that has now become the immediate resistance. Below the mentioned level accelerated the decline until it found support at 1.1050; below the next potential support might lie at 1.0980 (Oct 15, 22 low).
On the upside, on top of 1.1100 resistance could be located at 1.1140/50 and above at 1.1175 followed by 1.1205.
AUD/NZD technical levels
The pair weakened further after breaking an important support located at 1.1090 - 1.1100, that has now become the immediate resistance. Below the mentioned level accelerated the decline until it found support at 1.1050; below the next potential support might lie at 1.0980 (Oct 15, 22 low).
On the upside, on top of 1.1100 resistance could be located at 1.1140/50 and above at 1.1175 followed by 1.1205.