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AUD/NZD retakes the 1.12 on intense weekly battle

FXstreet.com (Chicago) – AUD/NZD retakes the 1.12 front after a heavy week for the pair and shortly after the release of NZ data with October Building Permits s.a. (MoM) down to -0.6% vs. prior 1.4%.

AUD/NZD Technical Levels

After stalling around 5-year lows for days, the pair was finally fueled higher to print higher highs and lows to consolidate an upward trendline that remains respected. Rejected by the 1.12 front on strong resistance, the pair seems to manifest a doji candle pattern right above the 1.12 zone. Technically speaking, the pair is offered at 1.12 and oscillates between the supports aligned …read more