12 Nov 2013
AUD/NZD heads to the downside below 1.1350
FXstreet.com (Chicago) - AUD/NZD prints lower lows and highs ahead of Tokyo after a journey trading sideways extending the past week price action.
AUD/NZD Technical Levels
Price action reveals a corrective move extended creating a parallel movement after last week’s fall on poor Australian job market results. Offered at 1.1337, the pair oscillates between the supports aligned at 1.13 (October 16th lows), 1.1263 (October 4th lows) ahead of 1.12 (September 28th lows) and the resistances set at 1.1341 (October 9th lows), 1.14 (September 25th highs) followed by 1.1434 (November 2nd lows). According to the FXstreet.com trend index, the pair is slightly bearish on one-hour timeframe analysis oscillating below the EMA20.
AUD/NZD Technical Levels
Price action reveals a corrective move extended creating a parallel movement after last week’s fall on poor Australian job market results. Offered at 1.1337, the pair oscillates between the supports aligned at 1.13 (October 16th lows), 1.1263 (October 4th lows) ahead of 1.12 (September 28th lows) and the resistances set at 1.1341 (October 9th lows), 1.14 (September 25th highs) followed by 1.1434 (November 2nd lows). According to the FXstreet.com trend index, the pair is slightly bearish on one-hour timeframe analysis oscillating below the EMA20.