23 Oct 2013
AUD/NZD finally gets to 1.14
FXstreet.com (Chicago) - AUD/NZD stalled below the 1.14 zone after fall from session highs ahead of Australian data due in a few hours.
Ahead of the CPI index results in Australia along MNI business sentiment indicator results in China, the pair prints a gradual ascension to reach the 1.14 level.
AUD/NZD Technical Levels
Technically speaking, the pair extends the upward trendline that started last October 1st despite breaking it last October 16th on plunge to the limits of the 1.13 zone. The pair finds grounds at support and is offered at 0.8512, navigating between the supports aligned at 1.1397 (October 18th highs), 1.1354 (October 18th lows) ahead of 1.13 (October 17th lows) and the resistances set at 1.1442 (session highs), 1.1473 (September 8th lows) followed by 1.1517 (September 10th highs).
Ahead of the CPI index results in Australia along MNI business sentiment indicator results in China, the pair prints a gradual ascension to reach the 1.14 level.
AUD/NZD Technical Levels
Technically speaking, the pair extends the upward trendline that started last October 1st despite breaking it last October 16th on plunge to the limits of the 1.13 zone. The pair finds grounds at support and is offered at 0.8512, navigating between the supports aligned at 1.1397 (October 18th highs), 1.1354 (October 18th lows) ahead of 1.13 (October 17th lows) and the resistances set at 1.1442 (session highs), 1.1473 (September 8th lows) followed by 1.1517 (September 10th highs).