Wednesday, November 11, 2026

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FxWirePro: AUD/NZD edges lower, upbeat NZ trade data boosts kiwi

Another choppy trading session for the antipodeans, with sentiment remaining brittle amid concerns over China's economy NZ trade data beat forecasts (Tuesday), posted a smaller-than-expected monthly trade deficit in July…

By Jay L. Zagorsky
1 min read
EconoTimes — Reading the Times. Understanding the Future.

  • Another choppy trading session for the antipodeans, with sentiment remaining brittle amid concerns over China's economy

  • NZ trade data beat forecasts (Tuesday),  posted a smaller-than-expected monthly trade deficit in July, while dairy exports rose for the first time in 11 months

  • Data boosted NZD, relative outperformance vs AUD pushed cross sub-1.10 to 1.0950 base
  • Price action in the pair was rejected at highs by 1.1421 on Monday, reinforcing downward bias, trades currently below daily cloud, Daily Stochs show bearish crossover

  • AUD/NZD edges lower on the day, currently at 1.0981, day's range 1.1030/1.0958, immediate support is seen at 1.0912 (Daily Low Aug 24) and resistance at 1.10 (cloud base) 

Resistance Levels:

R1: 1.1302 (Session high Aug 14)

R2: 1.1317 (Session high August 5)

R3: 1.1377 (Session high July 16)

Support Levels:

S1: 1.0912 (Daily Low Aug 24)

S2: 1.0901 (Session low July 29)

S3: 1.0790 (Session low June 11)

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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

By FxWirePro Team