AUD/NZD focus remains to the downside – FXMarketAlerts

FXStreet (Barcelona) - The FXMarketAlerts Team views that AUD/NZD focus remains towards the 1.0355 support, below which might expose 1.0300 and then 1.0283.

Key Quotes

“Pressure remains on the downside and setback below the 1.0400 level expose the 1.0355 support to retest. Below the latter will expose the 1.0300 level and 1.0283 low to retest.”

“Above the 1.0400 level see resistance at 1.0455 and the 1.0500 level.”

“Higher see strong resistance at 1.0531/40 area.”

“R3: 1.0531 * 11 Mar high

R2: 1.0500 figure

R1: 1.0455 13 Mar high

S1: 1.0355 * Jan, 12 Mar lows

S2: 1.0300 * 19 Feb low

S3: 1.0283 ** 4, 5 Mar lows”