The Aussie drifts against Kiwi, bounces on China data. Long-term bearish trend still in play for the AUD/NZD. The AUD/NZD is trading down in Friday’s early Asia session, dipping into recent lows near 1.0775. The Aussie has resumed falling against the Kiwi after staging a technical correction from the pair’s bottom in mid-April at 1.0488, but the AUD ran out of gas after hitting a high of 1.0961 and has fallen steadily this week. The AUD’s saw a rebound into 1.0790 following Chinese Manufacturing PMIs which printed better than expected, coming in at 51.1 versus the 51.0 expected, and in-line with the previous reading. AUD/NZD levels to watch With the Aussie bouncing on Chinese PMIs, short traders will be looking for a continuation into current lows at 1.0775, while a continuation of the bullish reversal will see challenges from the day’s high at 1.0815 and the last swing high near 1.0845. A break lower will see the pair testing into fresh three week lows for the pair, with the floor priced in neat early May’s low of 1.0655. 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 Germany’s Scholz: European Union would react “strongly and wisely” to US tariffs FX Street 5 years The Aussie drifts against Kiwi, bounces on China data. Long-term bearish trend still in play for the AUD/NZD. The AUD/NZD is trading down in Friday's early Asia session, dipping into recent lows near 1.0775. The Aussie has resumed falling against the Kiwi after staging a technical correction from the pair's bottom in mid-April at 1.0488, but the AUD ran out of gas after hitting a high of 1.0961 and has fallen steadily this week. The AUD's saw a rebound into 1.0790 following Chinese Manufacturing PMIs which printed better than expected, coming in at 51.1 versus the 51.0 expected, and in-line… 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.
