13 Jan 2015
AUD/NZD gains for the fourth consecutive session
FXStreet (Mumbai) - The AUD/NZD pair advanced today for the fourth consecutive session, after the upbeat China trade data helped the Aussie outperform the Kiwi.
The pair currently trades 0.29% higher at 1.0510, compared to the previous session’s close at 1.0488 levels. The data released in China showed exports rose 9.7% in December from a year earlier, while Imports fell 2.4% from a year earlier taking the surplus to USD 49.61 billion in December. Analysts were expecting the surplus to come-in at USD 49.00 billion. The AUD/USD pair remains well supported in the upbeat China data; up 0.285 for the day. Meanwhile, the NZD/USD pair has pared gains to trade just 0.02% higher for the day. Consequently, the AUD/ND cross has been pushed higher for the fourth consecutive session.
AUD/NZD Technical Levels
The immediate resistance is seen at 1.0515, above which gains could be extended to 1.0540 levels. Meanwhile, support is seen at 1.0468 (10-DMA) and 1.0463 (5-DMA) levels.
The pair currently trades 0.29% higher at 1.0510, compared to the previous session’s close at 1.0488 levels. The data released in China showed exports rose 9.7% in December from a year earlier, while Imports fell 2.4% from a year earlier taking the surplus to USD 49.61 billion in December. Analysts were expecting the surplus to come-in at USD 49.00 billion. The AUD/USD pair remains well supported in the upbeat China data; up 0.285 for the day. Meanwhile, the NZD/USD pair has pared gains to trade just 0.02% higher for the day. Consequently, the AUD/ND cross has been pushed higher for the fourth consecutive session.
AUD/NZD Technical Levels
The immediate resistance is seen at 1.0515, above which gains could be extended to 1.0540 levels. Meanwhile, support is seen at 1.0468 (10-DMA) and 1.0463 (5-DMA) levels.