AUD/NZD fails to sustain near-term support-line break as Australia data favors buyers. 21-DMA, 61.8% Fibonacci retracement seem nearby resistances to watch. Having witnessed better than forecast Retail Sales numbers from Australia, AUD/NZD rises to 1.0400 during early Friday. The quote regained its status above a downward sloping trend-line since early-May, which in turn keeps its declines limited around 1.0360. With this, prices may again target 21-day moving average (DMA) at 1.0442 ahead of confronting 61.8% Fibonacci retracement of March-April upside around 1.0450. If at all pair manages to rise past-1.0450, late-July tops around 1.0450 and 50-DMA level of 1.0495 could please the bulls. On the downside break of 1.0360, 1.0310 and March month low near 1.0275 can well flash on bears’ radar. AUD/NZD daily chart Trend: Pullback expected 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 EUR/JPY technical analysis: Seller exhaustion on the hourly chart, minor bounce likely FX Street 4 years AUD/NZD fails to sustain near-term support-line break as Australia data favors buyers. 21-DMA, 61.8% Fibonacci retracement seem nearby resistances to watch. Having witnessed better than forecast Retail Sales numbers from Australia, AUD/NZD rises to 1.0400 during early Friday. The quote regained its status above a downward sloping trend-line since early-May, which in turn keeps its declines limited around 1.0360. With this, prices may again target 21-day moving average (DMA) at 1.0442 ahead of confronting 61.8% Fibonacci retracement of March-April upside around 1.0450. If at all pair manages to rise past-1.0450, late-July tops around 1.0450 and 50-DMA level of 1.0495 could… 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.
