29 Jan 2015
AUD/NZD rejected at 1.0800
FXStreet (Mumbai) - AUD/NZD shaved off previous gains and inched lower in the mid-Asian session, as the New Zealand dollar embarks on its recovery path post RBNZ statement.
Retraces from 1.0786 levels
Currently, the AUD/NZD pair traded at 1.0753 levels, down -0.26% on the day, having posted intraday high at 1.0797, shy of 1.0800 levels. The cross in AUD/NZD pared RBNZ-statement backed gains and declined largely on the strengthening New Zealand dollar. The Kiwi continues its rebound from fresh four year lows. NZD/USD trades higher by 0.20% at 0.7331, while the Aussie trade flat at 0.7885, at time of writing.
AUD/NZD Technical Levels
The pair has an immediate resistance at 1.0797 levels, above which gains could be extended to 1.0815 levels. On the flip side, support is seen at 1.0720 levels, from here it to below 1.0653 levels.
Retraces from 1.0786 levels
Currently, the AUD/NZD pair traded at 1.0753 levels, down -0.26% on the day, having posted intraday high at 1.0797, shy of 1.0800 levels. The cross in AUD/NZD pared RBNZ-statement backed gains and declined largely on the strengthening New Zealand dollar. The Kiwi continues its rebound from fresh four year lows. NZD/USD trades higher by 0.20% at 0.7331, while the Aussie trade flat at 0.7885, at time of writing.
AUD/NZD Technical Levels
The pair has an immediate resistance at 1.0797 levels, above which gains could be extended to 1.0815 levels. On the flip side, support is seen at 1.0720 levels, from here it to below 1.0653 levels.