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4 Oct 2013
AUD/NZD digesting gains from earlier in session; 1.1383 is closing resistance
FXstreet.com (Barcelona) - The AUD/NZD cross has been on the rise in recent days – impressive since it was the RBNZ that came out with overtly hawkish comments this week. The upside may just be a correction, though.
AUD/NZD traders to key off technicals Friday
With no news are data points due out of Australia or New Zealand Friday, AUD/NZD traders will be relying on the technicals for the cross to provide directional assistance.
Technical outlook for AUD/NZD
Technicians say that unless AUD/NZD can take out the 1.1383 resistance level, the recent upside has to be considered corrective in nature. Support, below which any trading would be considered very bearish, comes in at 1.12135.
AUD/NZD traders to key off technicals Friday
With no news are data points due out of Australia or New Zealand Friday, AUD/NZD traders will be relying on the technicals for the cross to provide directional assistance.
Technical outlook for AUD/NZD
Technicians say that unless AUD/NZD can take out the 1.1383 resistance level, the recent upside has to be considered corrective in nature. Support, below which any trading would be considered very bearish, comes in at 1.12135.