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AUD/NZD Eyes a Retest of 1.0700

NZD
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  • AUD/NZD made new weekly highs on Thursday however fell short of breaking 1.0700 touching 1.0695, the was quickly reversed and the pair trades back in the middle of Thursday range now at 1.0675.
  • Key technical levels to watch initial resistance at 1.0700 (Feb 16 Highs), above here 1.0740 (Feb 7 Highs). While to the downside 1.0650 (Feb 29 lows) break would open up a retest of 1.0600(Feb 28 and pre RBNZ levels)
  • Looking ahead: Calendar is empty for the day, Monday sees AU Melbourne Institute Inflation & Building Approvals and NZ has Terms of Trade Index
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  • AUD/NZD made new weekly highs on Thursday however fell short of breaking 1.0700 touching 1.0695, the was quickly reversed and the pair trades back in the middle of Thursday range now at 1.0675.
  • Key technical levels to watch initial resistance at 1.0700 (Feb 16 Highs), above here 1.0740 (Feb 7 Highs). While to the downside 1.0650 (Feb 29 lows) break would open up a retest of 1.0600(Feb 28 and pre RBNZ levels)
  • Looking ahead: Calendar is empty for the day, Monday sees AU Melbourne Institute Inflation & Building Approvals and NZ has Terms of Trade Index