Friday, October 16, 2026

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AUD/NZD looks for 1.04 resistance after short-covering

hort-covering made way for cent rise in AUD/NZD from 1.0284 multi-year low 1.0405 (Tues top, after unchanged RBA) resistance 1.0361 (Asia high) is now a support point 1.0478 was last week's high

By Meredith J C Warren
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • hort-covering made way for cent rise in AUD/NZD from 1.0284 multi-year low

  • 1.0405 (Tues top, after unchanged RBA) resistance

  • 1.0361 (Asia high) is now a support point

  • 1.0478 was last week's high 

 

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By FxWirePro Team