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AUD/NZD Outlook: September, 3 2013

Published 09/03/2013, 06:17 AM
Updated 02/21/2017, 08:25 AM
AUD/NZD

The cross maintains a positive near-term structure off of 1.1433, 29/08 higher low, and part of broader recovery from the 1.1260 higher platform and the one-month rally from the 1.1197 low. A prevailing positive tone on lower timeframes remains supportive for fresh push towards 1.1585, 23/08 peak, and so far the daily 55 DMA has limited gains, with break here to resume recovery. Immediate barriers lay at 1.1600 and 1.1647, 50% of 1.2096/1.1197 descend. On the downside, a slide below the initial support at 1.1475, also 55 DMA, and to open the higher low at 1.1433 would delay immediate bulls.

Resistance: 1.1540; 1.1585; 1.1600; 1.1647

Support: 1.1470; 1.1433; 1.1400; 1.1385


AUDNZD

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