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27 Aug 2014
AUD/NZD slips up and targets days gains
FXStreet (Guatemala) - AUD/NZD is trading at 1.1145, down -0.16% on the day, having posted a daily high at 1.1179 and low at 1.1145.
The Fonterra headlines were the main focus in this hour with Frontera is keeping milk prices the same for 2014/15. The pair has slid to give back hours of work on the incline overnight. Meanwhile the FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is strongly bearish. Currently RSI is at 28.71, down from the last hourly print at 46.43, with ADX at 26.11, up from its previous close at 19.05. Daily RSI sits at 71.72, in neutral territory.
AUD/NZD levels
With spot trading at 1.1145, we can see next resistance ahead at 1.1167 (Hourly 20 EMA) and 1.1187 (Yesterday's High). Support below can be found at 1.1150, 1.1143 and 1.1138.
The Fonterra headlines were the main focus in this hour with Frontera is keeping milk prices the same for 2014/15. The pair has slid to give back hours of work on the incline overnight. Meanwhile the FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is strongly bearish. Currently RSI is at 28.71, down from the last hourly print at 46.43, with ADX at 26.11, up from its previous close at 19.05. Daily RSI sits at 71.72, in neutral territory.
AUD/NZD levels
With spot trading at 1.1145, we can see next resistance ahead at 1.1167 (Hourly 20 EMA) and 1.1187 (Yesterday's High). Support below can be found at 1.1150, 1.1143 and 1.1138.