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Dec 08 - 06:55 PM

AUD/NZD: Posted A Bullish Outside Day; Levels To Watch - Citi

By eFXdata  —  Dec 08 - 03:00 PM

Citi discusses AUD/NZD near-term technical outlook and sees a scope for move into 1.0601-1.0612.

"AUDNZD posted a bullish outside day yesterday closing above 1.0421 and is now trading higher around 1.0528," Citi notes. 

"Additionally, AUDNZD can potentially post a bullish outside week with a close above 1.0497. If seen this suggests a move to the 1.0601- 1.0612 resistance range that includes the May low, the 200-day moving average, and the October high," Citi adds. 

Source:
Citi Research/Market Commentary

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