23 Dec 2014
AUD/NZD slips below 1.05 handle
FXStreet (Mumbai) - The Aussie inched down against the New Zealand dollar today, after a brief reversal seen in the previous session, resuming seven straight weeks of losses.
The AUD/NZD pair now trades at 1.0496 levels, down -0.25% on the day, after hitting day’s high at 1.0519 levels in the early Asian morning. The AUD/NZD pair is likely to stay lower after New Zealand’s trade data showed m/m trade gap narrowing further than expected with an unexpected fall in imports.
The currency pair also remains pressured as AUD/USD weakens to trade at 0.8118 levels, down -0.17% on the day.
AUD/NZD Technical Levels
The pair has an immediate resistance at 1.0531 (Dec 19 High) levels, above which gains could be extended to 1.0588 (Dec 18 High) levels. On the flip side, support is seen at 1.0471 (Dec 19 Low) levels, below which it could extend losses to 1.04 levels.
The AUD/NZD pair now trades at 1.0496 levels, down -0.25% on the day, after hitting day’s high at 1.0519 levels in the early Asian morning. The AUD/NZD pair is likely to stay lower after New Zealand’s trade data showed m/m trade gap narrowing further than expected with an unexpected fall in imports.
The currency pair also remains pressured as AUD/USD weakens to trade at 0.8118 levels, down -0.17% on the day.
AUD/NZD Technical Levels
The pair has an immediate resistance at 1.0531 (Dec 19 High) levels, above which gains could be extended to 1.0588 (Dec 18 High) levels. On the flip side, support is seen at 1.0471 (Dec 19 Low) levels, below which it could extend losses to 1.04 levels.