AUD/NZD settled sub 1.07 handle
FXStreet (Guatemala) – AUD/NZD is trading at 1.0682, up 0.06% on the day, having posted a daily high at 1.0685 and low at 1.0676.
AUD/NZD broke down through the 1.07 handle with the commotion of yesterdays trading around the aussie but struggled through here and has only managed to grind into 1.0680 on business in Europe and the US. With thin liquidity ahead with the US closed down for July 4th holidays, the pair may find a base here until we open again next week. From the calendar for today, we will listen out for a speech from Luci Ellis, Head of the Financial Stability Department at the Reserve Bank of Australia (RBA), to the 2014 Economic and Social Outlook Conference Hosted by the Melbourne Institute and The Australian, Melbourne. Meanwhile, currently, RSI is at 48.14, up from the last hourly print at 25.13, with ADX at 31.40, down from its previous close at 45.00. Daily RSI sits at 42.93, in neutral territory.
Current price is 1.0683, with resistance ahead at 1.0685 (Daily High), 1.0690 (Weekly Classic S1), 1.0699 (Hourly 20 EMA), 1.0707 (Daily Classic S2) and 1.0735 (Daily Classic S1). Next support to the downside can be found at 1.0677 (Daily Open), 1.0677 (Monthly Low), 1.0677 (Weekly Low), 1.0676 (Daily Low) and 1.0664 (Yesterday’s Low).
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