Aussie is retreating versus Kiwi, still above 1.0750 with a bullish bias. A break above 1.0800, would set the focus on 1.0850. The AUD/NZD is pulling back on Thursday, after finding resistance at 1.0800. The drop so far was capped by the 1.0750 zone that is a key support area. A slide below would alleviate the bullish pressure that is already weakening. On the downside, the next support is seen at 1.0700 and then a key area, around 1.0670 where the 20-day moving average converges with an uptrend line. The recent rally found resistance at 1.0800. A break higher would clear the way to more gains. Next in line, emerges a strong long-term resistance at 1.0850: a weekly close above would suggest more gains over the medium-term. 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 Oil Price Analysis: WTI has taken a dive but cruitally holds above $40.00 per barrel FX Street 3 years Aussie is retreating versus Kiwi, still above 1.0750 with a bullish bias. A break above 1.0800, would set the focus on 1.0850. The AUD/NZD is pulling back on Thursday, after finding resistance at 1.0800. The drop so far was capped by the 1.0750 zone that is a key support area. A slide below would alleviate the bullish pressure that is already weakening. On the downside, the next support is seen at 1.0700 and then a key area, around 1.0670 where the 20-day moving average converges with an uptrend line. The recent rally found resistance at 1.0800. A break higher would… 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.
