FXstreet.com (San Francisco) - AUD/NZD’s overnight bounce from the 1.2800 area has pushed above the 1.2950 mark this Wednesday in Asia, having climbing to an intraday and 5-day high of 1.2963 in Asia. According to IFR Markets, the lift comes on the back of a weaker NZD on dovish o/n Key comments.
At present, the cross is making another leg higher, reaching as high as 1.2967, a price not seen since July 31. Resistance comes in at 1.2990 (18 July high) and 1.3005 (31 July high). Support may be found at 1.2946 (overnight high) and 1.2922 (38.2%, 1.2669/1.3078).
At present, the cross is making another leg higher, reaching as high as 1.2967, a price not seen since July 31. Resistance comes in at 1.2990 (18 July high) and 1.3005 (31 July high). Support may be found at 1.2946 (overnight high) and 1.2922 (38.2%, 1.2669/1.3078).
