Aussie jumps versus kiwi to levels not seen since 2018. Technical support further gains in AUD/NZD but many technical indicators show overbought readings. The Aussie posted on Friday a weekly close above a key long-term resistance seen at 1.0850, opening the doors to further gains over the medium term versus the kiwi. The upside in AUD/NZD peaked so far above 1.1050, the highest level since September. The recent move higher in the cross also broke a downtrend line, adding more strength to the aussie. The next resistance should be seen at 1.1080 and the medium-term target around the 1.1150 zone. Thu bullish tone is likely to remain intact while above 1.0850 but five weeks of consecutive gains warn about some overbought conditions and potential corrections. AUD/NZD weekly 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 USD/CHF drops to test multi-year lows near 0.9050 FX Street 2 years Aussie jumps versus kiwi to levels not seen since 2018. Technical support further gains in AUD/NZD but many technical indicators show overbought readings. The Aussie posted on Friday a weekly close above a key long-term resistance seen at 1.0850, opening the doors to further gains over the medium term versus the kiwi. The upside in AUD/NZD peaked so far above 1.1050, the highest level since September. The recent move higher in the cross also broke a downtrend line, adding more strength to the aussie. The next resistance should be seen at 1.1080 and the medium-term target around the 1.1150 zone.… Regulated 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.
