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- AUD/NZD holds major trendline support at 1.0330 (converged trendlines).
- We see weakness only on break below.
- Technical studies are neutral, do not show any conclusive direction for now.
- The pair is hovering around 5-DMA at 1.0370, close above should see some upside upto 20-DMA at 1.0422.
Support levels:
S1 - 1.0369 (5-DMA)
S2 - 1.0350 (78.6% Fib of 1.02371 to 1.07647 rally)
S3 - 1.0330 (converged trendlines)
Resistance levels:
R1 - 1.04
R2 - 1.0422 (20 DMA)
R3 - 1.0438 (61.8% Fib of 1.02371 to 1.07647 rally)
FxWirePro Currency Strenght Index: FxWirePro's Hourly AUD Spot Index was at 47.4994(Neutral), while Hourly NZD Spot Index was at -0.367505 (Neutral) at 0620 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
