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15 May 2014
AUD/NZD bears attack 1.0800 support
FXStreet (Moscow) - AUD/NZD tried to break below 1.0800 and set the current low at 1.0796, but failed to keep ground and returned to 1.0806
AUD/NZD is hammered down
AUD/NZD daily chart looks pretty bearish as the cross dropped on Wednesday after a failed attempt at the upper side of its recent range. Inverted hammer after a couple of «doji days» is an evidence that AUD/NZD has topped out and now note downside is in store for us. On the intraday basis keep an eye at 1.0800. Once it is clearly broken, the downside will accelerate to the next bearish target of 1.0780.
What are today’s key AUD/NZD levels?
Today's central pivot point can be found at 1.0837, with support below at 1.0796, 1.0773 and 1.0732, with resistance above at 1.0860, 1.0901 and 1.0924. Hourly Moving Averages are bearish, with the 200SMA at 1.0790 and the daily 20EMA at 1.0804. Hourly RSI is bearish at 34.
AUD/NZD is hammered down
AUD/NZD daily chart looks pretty bearish as the cross dropped on Wednesday after a failed attempt at the upper side of its recent range. Inverted hammer after a couple of «doji days» is an evidence that AUD/NZD has topped out and now note downside is in store for us. On the intraday basis keep an eye at 1.0800. Once it is clearly broken, the downside will accelerate to the next bearish target of 1.0780.
What are today’s key AUD/NZD levels?
Today's central pivot point can be found at 1.0837, with support below at 1.0796, 1.0773 and 1.0732, with resistance above at 1.0860, 1.0901 and 1.0924. Hourly Moving Averages are bearish, with the 200SMA at 1.0790 and the daily 20EMA at 1.0804. Hourly RSI is bearish at 34.