The AUD/NZD back on August 5 started a rally from the intraday low at 1.0260; two days ago it reached 1.0706, the highest level since May. The rally was capped again by the 1.0700 zone, a strong resistance that is in place since mid-November. The bullish momentum eased over the last three days after being rejected from above 1.0700, but the bias still points to the upside. So far no signals of a correction are seen. Price could move in the 1.0625-1.0700 range over the next sessions. A daily close on top of 1.0700 would signal more gains ahead 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 EUR/USD: ECB meeting poses some upside risks – MUFG FX Street 4 years The AUD/NZD back on August 5 started a rally from the intraday low at 1.0260; two days ago it reached 1.0706, the highest level since May. The rally was capped again by the 1.0700 zone, a strong resistance that is in place since mid-November. The bullish momentum eased over the last three days after being rejected from above 1.0700, but the bias still points to the upside. So far no signals of a correction are seen. Price could move in the 1.0625-1.0700 range over the next sessions. A daily close on top of 1.0700 would signal more gains… 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.
