AUDNZD Overview

Hello Price Action Traders.

AUD/NZD

Yesterday the AUD/NZD broke the 1.12 level and reached November 2013 high.
The pair keeps climbing since the beginning of the year, when it touched the 8-year low at 1.04900. On the upside, resistance could be found at the 1.13 level. On the downside, support lies at the 1.12 level (pullback) and further down at the 1.1120 level.

 

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Luigi Bazzarelli, Professional Trader member of HereForexNaked.com

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