24 Jul 2014
AUD/NZD spiking on RBNZ statement
FXStreet (Guatemala) - AUD/NZD is trading at 1.0957, up 0.80% on the day, having posted a daily high at 1.0970 and low at 1.0840.
AUD/NZD has spiked on disappointments in the RBNZ’s accompanying statement to the pre-empted rate hike to 3.50%. Looking into an accompanying statement>, it read, "It is prudent that there now be a period of assessment before interest rates adjust further towards a more-neutral level."
AUD/NZD Levels
With spot trading at 1.0962, we can see next resistance ahead at 1.1014 (YTD High), 1.1620 (Annual High) and 1.3241 (3 Year High). Support below can be found at 1.0946 (Weekly Classic R2), 1.0942 (Daily Classic R3), 1.0899 (Daily Classic R2), 1.0887 (Yesterday's High) and 1.0883 (Daily 200 SMA).
AUD/NZD has spiked on disappointments in the RBNZ’s accompanying statement to the pre-empted rate hike to 3.50%. Looking into an accompanying statement>, it read, "It is prudent that there now be a period of assessment before interest rates adjust further towards a more-neutral level."
AUD/NZD Levels
With spot trading at 1.0962, we can see next resistance ahead at 1.1014 (YTD High), 1.1620 (Annual High) and 1.3241 (3 Year High). Support below can be found at 1.0946 (Weekly Classic R2), 1.0942 (Daily Classic R3), 1.0899 (Daily Classic R2), 1.0887 (Yesterday's High) and 1.0883 (Daily 200 SMA).