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30 Dec 2014
AUD/NZD downside testing monthly lows
FXStreet (Guatemala) - AUD/NZD is trading at 1.0449, up 0.09% on the day, having posted a daily high at 1.0459 and low at 1.0422.
AUD/NZD has staged a slight recovery in at least stalling the downtrend ahead of 1.0420/10 key support. These are the lowest levels the cross has traded since 2005 and the Kiwi continues to out perform. The bears are stacking up as we wait for the year to kick off and come what may of the first quarter. The odds stay with the bird while the divergences between the two Central Banks remain compelling.
AUD/NZD noteworthy levels
Current price is 1.0450, with resistance ahead at 1.0456 (Weekly Classic S3), 1.0464 (Weekly Classic PP), 1.0480, 1.0520, 1.0560 and 1.0600. Next support to the downside can be found at 1.0448 (Daily Classic R3), 1.0446 (Daily Classic R2), 1.0442 (Daily Classic PP) and 1.0410.
AUD/NZD has staged a slight recovery in at least stalling the downtrend ahead of 1.0420/10 key support. These are the lowest levels the cross has traded since 2005 and the Kiwi continues to out perform. The bears are stacking up as we wait for the year to kick off and come what may of the first quarter. The odds stay with the bird while the divergences between the two Central Banks remain compelling.
AUD/NZD noteworthy levels
Current price is 1.0450, with resistance ahead at 1.0456 (Weekly Classic S3), 1.0464 (Weekly Classic PP), 1.0480, 1.0520, 1.0560 and 1.0600. Next support to the downside can be found at 1.0448 (Daily Classic R3), 1.0446 (Daily Classic R2), 1.0442 (Daily Classic PP) and 1.0410.