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23 Jan 2015
AUD/NZD retreats from 1-Month Highs, back below 1.0700
FXStreet (Mumbai) - The Australian dollar ticked lower against its Oz counterpart in the Asian mid-morning, as the slightly bullish Chinese PMI report fails to lift the Aussie.
Currently, the AUD/NZD pair traded at 1.0670 levels, 0.21% lower on the day, having posted fresh session lows at 1.0667 some minutes ago. The cross in AUD/NZD edged lower largely on the strength seen in the Kiwi pair after better-than expected Chinese factory output numbers.
The cross trades in red as the NZD/USD trades at 0.7520 levels, up 0.23% on the day. While AUD/USD trades flat at 0.8025 levels, at time of writing.
AUD/NZD Technical Levels
The pair has an immediate resistance at 1.0700 levels, above which gains could be extended to 1.0736 levels. On the flip side, support is seen at 1.0653 levels, from here it to below 1.0612 levels.
Currently, the AUD/NZD pair traded at 1.0670 levels, 0.21% lower on the day, having posted fresh session lows at 1.0667 some minutes ago. The cross in AUD/NZD edged lower largely on the strength seen in the Kiwi pair after better-than expected Chinese factory output numbers.
The cross trades in red as the NZD/USD trades at 0.7520 levels, up 0.23% on the day. While AUD/USD trades flat at 0.8025 levels, at time of writing.
AUD/NZD Technical Levels
The pair has an immediate resistance at 1.0700 levels, above which gains could be extended to 1.0736 levels. On the flip side, support is seen at 1.0653 levels, from here it to below 1.0612 levels.