Tuesday, December 22, 2015

AUD/NZD Hit Support

The pair is trading at support for a fourth consecutive day after it touched the support line on Thursday. Currently AUD/NZD is trading around 1.0600-1.0620. It seems bears are having a hard time trying to push prices below daily support at 1.0600.

The lowest it got was today's low at 1.0578 but bulls gave a good effort and immediately brought the price back into the channel.

Second level of support is 1.0578, third level appears to be 1.0496.

Chart: AUD/NZD D1


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7 comments:

  1. UnknownDecember 22, 2015 at 8:19 PM

    Aud/Nzd is still within range 1.0600-1.0620.

    ReplyDelete
  2. UnknownDecember 23, 2015 at 1:22 PM

    There's a doji candlestick on the daily filter chart above the support, the pair will probably move to the upside.

    ReplyDelete
  3. UnknownDecember 23, 2015 at 3:38 PM

    Good point! I'll keep an eye on it.

    ReplyDelete
  4. UnknownDecember 23, 2015 at 5:09 PM

    Thank you for the analysis, will keep it in mind!

    ReplyDelete
  5. UnknownDecember 24, 2015 at 11:28 AM

    Well spotted! I'll keep it in mind.

    ReplyDelete
  6. UnknownDecember 27, 2015 at 5:43 PM

    I am totally agree with you.

    ReplyDelete
  7. UnknownDecember 28, 2015 at 10:51 AM

    Straight to the point! Congrats!

    ReplyDelete

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