Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: AUD/NZD hits key resistance at 1.1298, intraday bias remains bullish

  • AUD/NZD is currently trading around 1.1306 levels.
     
  • Pair made intraday high at 1.1309 and low at 1.1269 marks.
     
  • Intraday bias remains bullish for the moment.
     
  • Pair fails to fall below key support at 1.1148 and dragged the parity up around 1.1300 levels.
     
  • A daily close below 1.1148 will take the parity down towards 1.10 marks.
     
  • On the other side, a sustained close above key resistance at 1.1298 will drag the parity up towards 1.1590 marks.

 

We prefer to take long position in AUD/NZD only above 1.1317, stop loss 1.1189 and target 1.1392/ 1.1590 marks.

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.