Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

AUD/NZD validates hammer reversal

  • Cross sees light profit taking in Asia after opening +0.6% on strong AUD short squeeze

  • Strong close validates Thursday's hammer reversal - significant positive

  • Initial targets of 1.0488, 38.2% of 2015 fall

  • Momentum studies & 5dma base - 10 & 20 dma's still head south

  • Suggests consolidation - earlier low & 10 dma at 1.0410 support

 

  • Market Data
Close

Welcome to EconoTimes

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