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FxWirePro: Kiwi continues to fall against Aussie, intraday bias remains bullish

AUD/NZD is trading around 1.1207 marks. Pair made intraday high at 1.1219 and low at 1.1186 marks. Intraday bias remains bullish till the time pair holds immediate support at 1.1150 marks. A daily close below 1.1146 will…

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FxWirePro: Kiwi continues to fall against Aussie, intraday bias remains bullish
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  • AUD/NZD is trading around 1.1207 marks.
     
  • Pair made intraday high at 1.1219 and low at 1.1186 marks.
     
  • Intraday bias remains bullish till the time pair holds immediate support at 1.1150 marks.
     
  • A daily close below 1.1146 will take the parity down towards 1.1062/1.1016/ 1.0934 marks.
     
  • On the other side, initial resistances are seen at 1.1226/1.1298/1.1352/1.1590 marks.
     
  • Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend.

We prefer to take long position in AUD/NZD around 1.1200, stop loss 1.1150 and target 1.1298/1.1317 marks.

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