3 Jul 2013
AUD/NZD still unable to move
FXstreet.com (Barcelona) - The AUD/NZD foreign exchange rate is last trading at 1.1785 bids, off recent session highs at 1.1813, still unchanged so far for the week.
AUD/NZD capped below the 1.18 figure
The cross has managed to hold above yesterday's fresh weekly lows at 1.1751 printed on the back of Aussie weakness following the RBA keeping rates on hold at 2.75%. Later on Australian retail sales and trade balance data at 01:30 GMT followed by RBA Stevens speaking at 02:45 GMT will be key risk events for the cross in the Asia-Pacific session.
Key technical levels
Immediate support to the downside for AUD/NZD lies at recent session lows 1.1775, folowed by yesterday's weekly lows at 1.1760, and June 20 lows at 1.1729. To the upside, closest resistance shows at current levels as Monday's lows 1.1790, followed by NY session highs at 1.1827, and yesterday's weekly highs at 1.1857.
AUD/NZD capped below the 1.18 figure
The cross has managed to hold above yesterday's fresh weekly lows at 1.1751 printed on the back of Aussie weakness following the RBA keeping rates on hold at 2.75%. Later on Australian retail sales and trade balance data at 01:30 GMT followed by RBA Stevens speaking at 02:45 GMT will be key risk events for the cross in the Asia-Pacific session.
Key technical levels
Immediate support to the downside for AUD/NZD lies at recent session lows 1.1775, folowed by yesterday's weekly lows at 1.1760, and June 20 lows at 1.1729. To the upside, closest resistance shows at current levels as Monday's lows 1.1790, followed by NY session highs at 1.1827, and yesterday's weekly highs at 1.1857.