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4 Nov 2013
AUD/NZD fully stopped at 1.1476?
FXstreet.com (Chicago) - AUD/NZD extends the downward movement after reaching 1.1476 session highs. The pair has advanced 0.36% so far but erases wins partially after the release of the full stack of data in both countries.
Data recap
In Australia, TD Securities inflation was 2.1% matching past results (YoY) with monthly data at 0.1% vs. past 0.2%. The ANZ job advertisements results were -0.2% vs. past 1.0%. The house price index was 1.9% vs. past 2.7% and expected 2.1% (QoQ) while retail sales were 0.8% vs. expected 0.4% and past 0.5%. In New Zealand, the NZD commodity price was 1.3% vs. prior 1.0%.
AUD/NZD Technical Levels
Price action reveals the pair is offered at 1.1459 and navigates between the supports aligned at 1.1434 (October 10th highs), 1.1395 (September 24th highs) and 1.1341 (October 17th highs) and the resistances aligned at 1.1478 (September 8th highs), 1.1517 (October 29th highs) followed by 1.1554 (September 10th highs). Price action reveals primary, secondary and short-term trends diverge with intraday trend price movement pointing down. On hourly charts, a trendless pair is evidenced with strong dip last Friday around the 1.4040 front. According to the FXstreet.com trend index on one-hour timeframe analysis, the pair is neutral and hovers right on the EMA20.
Data recap
In Australia, TD Securities inflation was 2.1% matching past results (YoY) with monthly data at 0.1% vs. past 0.2%. The ANZ job advertisements results were -0.2% vs. past 1.0%. The house price index was 1.9% vs. past 2.7% and expected 2.1% (QoQ) while retail sales were 0.8% vs. expected 0.4% and past 0.5%. In New Zealand, the NZD commodity price was 1.3% vs. prior 1.0%.
AUD/NZD Technical Levels
Price action reveals the pair is offered at 1.1459 and navigates between the supports aligned at 1.1434 (October 10th highs), 1.1395 (September 24th highs) and 1.1341 (October 17th highs) and the resistances aligned at 1.1478 (September 8th highs), 1.1517 (October 29th highs) followed by 1.1554 (September 10th highs). Price action reveals primary, secondary and short-term trends diverge with intraday trend price movement pointing down. On hourly charts, a trendless pair is evidenced with strong dip last Friday around the 1.4040 front. According to the FXstreet.com trend index on one-hour timeframe analysis, the pair is neutral and hovers right on the EMA20.