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AUD/NZD Tests 100-Day EMA Of 1.0734

NZD
  • AUD/NZD has edged higher today, testing the 100-day EMA at 1.0734, however so far been unable to break above it, the cross trades just below there now at 1.0732. Trading has remained within a 20-pip range.
  • 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)

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