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AUD/NZD falls as AUD outpaced NZD lower on soft China data

Weaker AUD consumer confidence data a minor AUD negative Momentum studies crest, 5, 10 & 20 dma's head lower - bearish setup Pivotal resistance 1.0200/15 based on 38.2% of Mar/Apr fall & 20 dma Initial support/resistance…

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AUD/NZD falls as AUD outpaced NZD lower on soft China data
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  • Weaker AUD consumer confidence data a minor AUD negative

  • Momentum studies crest, 5, 10 & 20 dma's head lower - bearish setup

  • Pivotal resistance 1.0200/15  based on 38.2% of Mar/Apr fall & 20 dma

  • Initial support/resistance at 1.0068 low & 1.0146

 

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