Today's trading session gave a good momentum and price reached 1.06800 while only yesterday it was trading at 1.05800.
Stable support zone now is 1.06000 while first resistance is to be expected at 1.06900.
Chart: AUD/NZD D1
Wednesday, December 23, 2015
AUD/NZD Saved By Support
The pair reached the support zone a few days ago. Yesterday we posted the analysis where we talked about price hitting support and reacting positively to it. Well, today we have a confirmation, at least in the short-term, that AUD/NZD is headed north.
Today's trading session gave a good momentum and price reached 1.06800 while only yesterday it was trading at 1.05800.
Stable support zone now is 1.06000 while first resistance is to be expected at 1.06900.
Chart: AUD/NZD D1
Today's trading session gave a good momentum and price reached 1.06800 while only yesterday it was trading at 1.05800.
Stable support zone now is 1.06000 while first resistance is to be expected at 1.06900.
Chart: AUD/NZD D1
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Thanks for sharing such informative analysis!
ReplyDeleteThe trend is still bearish.
ReplyDeleteInteresting post.
ReplyDeleteI will watch the support level.
ReplyDelete