SamKent
Long

AUD/NZD 1D Levels and Analysis

FX:AUDNZD   Australian Dollar/New Zealand Dollar
59 0 1
The AUD/NZD             has reached a demand level, and looks to be in the midst of a possible bounce higher. We'd be buyers on a break of the descending trend-line, aiming towards the 1.09980 level as a profit target, with a stop just below the recent swing low. Alternatively, if the trend-line holds, and the pair trends lower, we'd be interested buyers on a round trip back to the 1.0650 area.
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