AUD/NZD confirms break of 1.0500, heads for the highest close since mid-November. Chinese data ahead: Retail Sales, Industrial Production and first-quarter GDP. AUD/NZD resumed the upside on Thursday during the American session, after completing pullback to the 1.0500/10 area. It broke above 1.0570 and climbed to test the 1.0600 mark. In the daily chart, the cross is back above it key simple moving averages that are turning north offering more arguments to the bullish case. Above the 1.0600 zone, the next target is seen at 1.0660. On the flip side, a slide below 1.0500 would alliviate the bullish pressure, while the critical support might be seen at 1.0400. While AUD/NZD remains above 1.0400 to bias should favor the upside. 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 Tezos Price Analysis: Decent upside volume noted FX Street 2 years AUD/NZD confirms break of 1.0500, heads for the highest close since mid-November. Chinese data ahead: Retail Sales, Industrial Production and first-quarter GDP. AUD/NZD resumed the upside on Thursday during the American session, after completing pullback to the 1.0500/10 area. It broke above 1.0570 and climbed to test the 1.0600 mark. In the daily chart, the cross is back above it key simple moving averages that are turning north offering more arguments to the bullish case. Above the 1.0600 zone, the next target is seen at 1.0660. On the flip side, a slide below 1.0500 would alliviate the bullish pressure, while… 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.
