AUD/NZD heads for a weekly loss, avoids close sunder 1.0600. Consolidation mode still rules, risks tilted to the downside. The AUD/NZD is about to post the lowest weekly close since early May. Over the week, the cross approached the 1.0600 area and rebounded while on the upside again, it failed to hold above 1.0700. The consolidation phase is likely to continue over the next days. Risks are tilted to the downside. A firm break under 1.0600 would open the doors to more losses, targeting the 1.0500 zone. On the upside, the aussie needs to post a weekly close clearly above 1.0700 to gain momentum for another test to 1.0800. Before that area, an interim resistance emerges at 1.0750. On a wider perspective, the 1.0830/50 continues to be a critical resistance band that if broken would suggest more gains for the pair over the medium term. 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 WTI tests prices below $40 on its pullback from $40.60 highs FX Street 3 years AUD/NZD heads for a weekly loss, avoids close sunder 1.0600. Consolidation mode still rules, risks tilted to the downside. The AUD/NZD is about to post the lowest weekly close since early May. Over the week, the cross approached the 1.0600 area and rebounded while on the upside again, it failed to hold above 1.0700. The consolidation phase is likely to continue over the next days. Risks are tilted to the downside. A firm break under 1.0600 would open the doors to more losses, targeting the 1.0500 zone. On the upside, the aussie needs to post a weekly close clearly above… 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.
