AUD/NZD strung out in the middle near familiar support/resistance levels

The Aussie-Kiwi pairing continues to cycle close levels as the Antipodeans struggle to remain relevant.
Thin data and little exposure see AUD/NZD grappling with broader market sentiment.

Joshua Gibson FXStreet

AUD/NZD continues to trade just south of the 1.0600 level as the Antipodean trade back into resistance from November's swing lows.

The pair saw a rapid decline sparked by last week's risk-run in broader markets, torpedoing the Aussie to 1.0167 before the broader market saw a stable recovery, sending the beleaguered Kiwi back into familiar lows.

Market data for both pairs is relatively thin this week, though Aussie Retail Sales figures managed to stage a surprise to the upside early Friday, giving the Aussie hope for a lift heading into the weekend.

AUD/NZD Technical Levels

AUD/NZD

Overview:
    Today Last Price: 1.0589
    Today Daily change: -6.0 pips
    Today Daily change %: -0.0566%
    Today Daily Open: 1.0595
Trends:
    Previous Daily SMA20: 1.0519
    Previous Daily SMA50: 1.0592
    Previous Daily SMA100: 1.0746
    Previous Daily SMA200: 1.0787
Levels:
    Previous Daily High: 1.0598
    Previous Daily Low: 1.0545
    Previous Weekly High: 1.057
    Previous Weekly Low: 0.9631
    Previous Monthly High: 1.0674
    Previous Monthly Low: 1.0408
    Previous Daily Fibonacci 38.2%: 1.0578
    Previous Daily Fibonacci 61.8%: 1.0565
    Previous Daily Pivot Point S1: 1.056
    Previous Daily Pivot Point S2: 1.0526
    Previous Daily Pivot Point S3: 1.0507
    Previous Daily Pivot Point R1: 1.0613
    Previous Daily Pivot Point R2: 1.0632
    Previous Daily Pivot Point R3: 1.0666

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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