Friday, October 2, 2015

AUD/NZD to break 1.1000? Aussie data allowing bids

FXStreet (Guatemala) - AUD/NZD is currently attempting the 1.10 handle again on the back of in-line retails sales from Australia while many were lined up for a softer outcome in the numbers.

Retails Sales for Australia and the month of August came out as expected at 0.4% vs -0.1%. AUD/NZD has been within a tight range, trading within a sideways channel between 1.0980 and 1.1010 on shorter-term time frames as AUD and NZD both trade on risk sentiment vs the greenback with a slight bias towards the Aussie in recent trade.

AUD/NZD neutral

AUD/NZD technically neutral AUD/NZD is technically in neutral. The 50 and 20 MA's are flat on the hourly sticks while RSI (14) is at 49 and price continues to trade below the 200 SMA on the same time frame at 1.1084 currently.
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