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1 Oct 2013
AUD/NZD capped at 1.1240
FXstreet.com (Chicago) - AUD/NZD prints higher lows and highs ahead of Tokyo’s opening after falling to 7-day lows below 1.12.
Usual rumors
Ahead of the RBA possible interest cut decision, rumors spread among market participants who recently digested the Australian AiG performance of Mfg index for September at 51.7 vs. past 46.4 which strengthened the Aussie after plunge to weekly lows.
AUD/NZD Technical Levels
Supported by the primary trend but denied by the secondary trend, the pair manifested a spike close to the 1.1250 zone and attempts consolidation above 1.1240 despite bearish pressure that sends it back below the zone. On the downside, the pair prints supports at 1.1197 (August 1st lows), 1.1143 (November 17th 2007 lows) ahead of 1.1076 (December 30th 2006 lows) and resistances set at 1.1265 (August 18th lows), 1.1332 (September 11th lows) followed by 1.14 (September 18th highs).
Usual rumors
Ahead of the RBA possible interest cut decision, rumors spread among market participants who recently digested the Australian AiG performance of Mfg index for September at 51.7 vs. past 46.4 which strengthened the Aussie after plunge to weekly lows.
AUD/NZD Technical Levels
Supported by the primary trend but denied by the secondary trend, the pair manifested a spike close to the 1.1250 zone and attempts consolidation above 1.1240 despite bearish pressure that sends it back below the zone. On the downside, the pair prints supports at 1.1197 (August 1st lows), 1.1143 (November 17th 2007 lows) ahead of 1.1076 (December 30th 2006 lows) and resistances set at 1.1265 (August 18th lows), 1.1332 (September 11th lows) followed by 1.14 (September 18th highs).