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FxWirePro: AUD/NZD fails to break key support at 1.0888, buy on dips

Pair is currently supported above $1.0900 marks. It made intraday high at 1.0925 and low at 1.0890 levels. Intraday bias remains bullish for the moment. On the top side, key resistance levels falls at 1.0973/ 1.1086 leve…

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FxWirePro: AUD/NZD fails to break key support at 1.0888, buy on dips
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  • Pair is currently supported above $1.0900 marks.
     
  • It made intraday high at 1.0925 and low at 1.0890 levels.
     
  • Intraday bias remains bullish for the moment.
     
  • On the top side, key resistance levels falls at 1.0973/ 1.1086 levels.
     
  • Alternatively, a daily close below 1.0888 will turn bias negative and drag the parity towards key support at 1.0729/ 1.0576 levels.

We prefer to take long position in AUD/NZD around 1.0905, stop loss 1.0888 and target 1.1086/ 1.1347 levels. 

 

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