- The AUD/NZD pair kept rising last week from multi-year intraday lows and today reached at 1.0670, the highest in early December.
- The short—term outlook continues to point to the upside. Above 1.0660 the next target is 1.0680 and above a test of 1.0700 seems likely. On top of 1.0700 not much resistance is seen until 1.0800.
- A critical support for the bullish outlook is hte 20-day moving average at 1.0550; it turned last week to the upside and is approaching the 55-day MA from the downside.
- The key support continues to be 1.0450: a daily close significantly below would open the doors to another leg lower.
- Key events ahead: NZ CPI on Wednesday (22:45 GMT) and AU Employment on Thursday (00:30 GMT).
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AUD/NZD
Overview:
Today Last Price: 1.0639
Today Daily change: 0.0006 pips
Today Daily change %: 0.06%
Today Daily Open: 1.0633
Trends:
Daily SMA20: 1.0542
Daily SMA50: 1.0569
Daily SMA100: 1.0725
Daily SMA200: 1.0788
Levels:
Previous Daily High: 1.0653
Previous Daily Low: 1.0603
Previous Weekly High: 1.0653
Previous Weekly Low: 1.0487
Previous Monthly High: 1.0674
Previous Monthly Low: 1.0408
Daily Fibonacci 38.2%: 1.0623
Daily Fibonacci 61.8%: 1.0634
Daily Pivot Point S1: 1.0607
Daily Pivot Point S2: 1.058
Daily Pivot Point S3: 1.0557
Daily Pivot Point R1: 1.0657
Daily Pivot Point R2: 1.068
Daily Pivot Point R3: 1.0706
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