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Fresh demand for AUD fuels AUD/NZD appreciation, 1.0850 resistance

AUD/NZD up three-quarters-of-a-cent from 1.0753, next hurdle at 1.0850 Fresh demand for AUD fuels cross appreciation: AUD/USD thru 0.81 1.0753 = London am low after profit-taking on NZD shorts AUD/NZD offers may emerge n…

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  • AUD/NZD up three-quarters-of-a-cent from 1.0753, next hurdle at 1.0850

  • Fresh demand for AUD fuels cross appreciation: AUD/USD thru 0.81 

  • 1.0753 = London am low after profit-taking on NZD shorts 

  • AUD/NZD offers may emerge near 1.0850 & 1.09

  • 1.0847 = rally high from 1.0771 (Asia low). 1.0895 = early Asia 6mth high

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Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560