Forex - Chart AUD/NZD Update: Under pressure


Published at 03:51 (GMT) 10 Aug

  

Chart AUD/NZD Update: Under pressure (LPDC8501)

10 Aug AUD/NZD Daily

Pressure stays on the downside following rejection from the 1.1317 high last week and break of the 1.1200 level triggers deeper pullback to retrace the up-leg from the 1.0900 low. Lower see the 1.1113 support to watch as failure to hold this will see return to the 1.1000 level. Resistance now at 1.1292 then the 1.1305/17 area. [P.L]

R5:: 1.1393 30 Jun high R4: 1.1380 * 16 Jul high
R3: 1.1330 intraday level
R2: 1.1305/17 * trendline, 5 Aug high
R1: 1.1292 7 Aug high

S1: 1.1174 7 Aug low
S2: 1.1113 * 31 Jul high, break
S3: 1.1069 intraday level
S4: 1.1011 * 3 Aug low
S5: 1.0955 intraday level

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