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1 Jul 2014
AUD/NZD backing off from 1.08 ahead of RBA
FXStreet (Guatemala) - AUD/NZD is trading at 1.0765, having posted a daily high at 1.0772 and low at 1.076.
The main theme in Asia is around the RBA later on, with market consensus for rates to remain on hold, although there is plenty of nervousness around the type of rhetoric that will come from the Central Bank, with perhaps a shift of tone in respect to the state of the economy and outlook going forward, which may come a less optimistic and bearish for the AUD. In the mean time, AUD/NZD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.
AUD/NZD Levels
Current price is 1.0767, with resistance ahead at 1.0770 (Daily Open), 1.0772 (Daily High), 1.0775 (Hourly 200 SMA), 1.0783 (Yesterday's High) and 1.0789 (Daily Classic R2). Next support to the downside can be found at 1.0766 (Daily Low), 1.0764 (Daily Classic R1), 1.0761 (Hourly 20 EMA), 1.0757 (Weekly Classic PP) and 1.0756 (Hourly 100 SMA).
The main theme in Asia is around the RBA later on, with market consensus for rates to remain on hold, although there is plenty of nervousness around the type of rhetoric that will come from the Central Bank, with perhaps a shift of tone in respect to the state of the economy and outlook going forward, which may come a less optimistic and bearish for the AUD. In the mean time, AUD/NZD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.
AUD/NZD Levels
Current price is 1.0767, with resistance ahead at 1.0770 (Daily Open), 1.0772 (Daily High), 1.0775 (Hourly 200 SMA), 1.0783 (Yesterday's High) and 1.0789 (Daily Classic R2). Next support to the downside can be found at 1.0766 (Daily Low), 1.0764 (Daily Classic R1), 1.0761 (Hourly 20 EMA), 1.0757 (Weekly Classic PP) and 1.0756 (Hourly 100 SMA).