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AUD/NZD Holds Above 1.0700, Eyes Feb Highs

NZD
  • AUD/NZD pushed higher post the Asian session on Thursday, the cross has been able to hold above 1.0700, opening up a another move higher and a retest of February's highs
  • Key technical levels to watch initial resistance at 1.0734 (100-day EMA), above here 1.0758 (Feb 5 high). While to the downside a break back below 1.0700, could signal further weakness opening up 1.0665 (20-day EMA) and below to 1.0640 (Feb 14 low)
  • Calendar is light for both AU and NZ today, with eyes on the NPC in China.

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