Aussie soars after breaking the 1.0830 zone, hits highest since September versus Kiwi. AUD/NZD bullish momentum to remain intact while above 1.0800, next target at 1.1000. The AUD/NZD is rising sharply on Tuesday after breaking the 1.0830 area, a strong barrier that triggered a rally to 1.0935, the highest since September 1. The cross is having the best day in months. Technical indicators are about to show overbought readings. The RSI is breaking the 70 level but the momentum for the aussie still favors more gains. No signs of a correction or consolidation are seen. A reversal below 1.0830 would negate the bullish outlook, suggesting a possible correction to 1.0750 and a consolidation range at lower levels. On the upside, above 1.0930, the next resistance stands at 1.0955 on the way to the 1.1000 target. 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 FOMC Chairman Jerome Powell testimony before Financial Services Committee – live stream FX Street 8 months Aussie soars after breaking the 1.0830 zone, hits highest since September versus Kiwi. AUD/NZD bullish momentum to remain intact while above 1.0800, next target at 1.1000. The AUD/NZD is rising sharply on Tuesday after breaking the 1.0830 area, a strong barrier that triggered a rally to 1.0935, the highest since September 1. The cross is having the best day in months. Technical indicators are about to show overbought readings. The RSI is breaking the 70 level but the momentum for the aussie still favors more gains. No signs of a correction or consolidation are seen. A reversal below 1.0830 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.
