Aussie continues to face resistance at 1.0950 versus the Kiwi. AUD/NZD bullish outlook intact, above 1.0950 next target at 1.1000. The AUD/NZD is pulling back on Monday after being unable to break the 1.0950 area. It tested the multi-month high but then retreated, reaching levels under 1.0900. The kiwi is having the best day in a month versus the aussie. The daily chart is starting to show some bearish signs like the RSI and momentum turning south. Below 1.0880, the correction could gain speed. A critical support is seen around 1.0850/60, which should favor a rebound. A close below would suggest more downside ahead. A break above 1.0950/55 in AUD/NZD would clear the way to more gains targeting the 1.1000 zone. The positive dominant tone is likely to remain in place while above 1.0730. AUD/NZD daily chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next DXY: US dollar to remain supported ahead of the NFP – Rabobank FX Street 8 months Aussie continues to face resistance at 1.0950 versus the Kiwi. AUD/NZD bullish outlook intact, above 1.0950 next target at 1.1000. The AUD/NZD is pulling back on Monday after being unable to break the 1.0950 area. It tested the multi-month high but then retreated, reaching levels under 1.0900. The kiwi is having the best day in a month versus the aussie. The daily chart is starting to show some bearish signs like the RSI and momentum turning south. Below 1.0880, the correction could gain speed. A critical support is seen around 1.0850/60, which should favor a rebound. A close below would… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
