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Jun 06 - 08:55 AM

AUD/NZD - Bulls Need To Overcome 2 Big Technical Levels

By Richard Pace  —  Jun 06 - 06:55 AM
  • AUD/NZD has been falling since a new 1-year high at 1.0993 on May 7

  • Closed below 100-dma and 200-dma on Monday - they are currently 1.0818/06

  • That's the first time closing below these levels since regaining in March

  • Subsequent drop extended to 1.0735 where it finds support for 1.0757 Thur

  • Buyers of this antipodean cross need it to regain/close above those averages

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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