9 Dec 2014
AUD/NZD oscillates on the bid on key 1.08 handle
FXStreet (Guatemala) - AUD/NZD is trading at 1.0836, up 0.15% on the day, having posted a daily high at 1.0845 and low at 1.0820.
AUD/NZD awaits developments in the commodity sector with the dairy price’s coming up later this week, which will set the tone once again for the NZD, not to mention the RBNZ however.
Meanwhile the pair moves on having surpassed the bullish gap in overnight trade and despite the pullback onto 1.0820 support. From the technical levels, with spot that is presently trading at 1.0837, we look at the upside with 1.0845 (Daily High), 1.0848 (Daily Classic R2), 1.0853 (Weekly Classic R1), 1.0869 (Yesterday's High) and 1.0878 (Daily Classic R3) in proximity.
AUD/NZD awaits developments in the commodity sector with the dairy price’s coming up later this week, which will set the tone once again for the NZD, not to mention the RBNZ however.
Meanwhile the pair moves on having surpassed the bullish gap in overnight trade and despite the pullback onto 1.0820 support. From the technical levels, with spot that is presently trading at 1.0837, we look at the upside with 1.0845 (Daily High), 1.0848 (Daily Classic R2), 1.0853 (Weekly Classic R1), 1.0869 (Yesterday's High) and 1.0878 (Daily Classic R3) in proximity.