- 0.0565/75 is a strong support zone for AUD/NZD, the pair has tested this region multiple times and edged higher.
- We would see weakness only on a decisive break below, test of 1.0496 (Oct 30 lows) then likely.
- Technicals indicate upside in the pair, Stochs and RSI on dailies point north,
Resistance Levels:
R1: 1.0709 (Session high)
R2: 1.0729 (Jan 6 high)
R3: 1.0750 (38.2 % Fib 1.1086 - 1.0539 fall)
Support Levels:
S1: 1.0629 (Jan 18 lows)
S2: 1.06 (Jan 15 low)
S3: 1.0565 (trendline)