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26 Feb 2014
AUD/NZD continues in ranges above 1.0810
FXStreet (Córdoba) - The AUD/NZD finished slightly lower on Tuesday, hovering around 1.0820. Despite moving to the downside the pair continues to trade sideways within a small trading range, between 1.0810 and 1.0860 since last thursday.
Technical levels to watch
A break above the upside limit of the trading range could trigger a bullish rally; potential resistance levels lie at 1.0885 (February 18, 19 highs) and above at 1.0900, that is an important level.
To the downside, between 1.0800 and 1.0810 price is expected to find support; but if broken the downside momentum could rise pushing the price toward 1.0780 (February 10, 17 lows); below the next support lies at 1.0765 and 1.0735 (February 1 3 low).
Technical levels to watch
A break above the upside limit of the trading range could trigger a bullish rally; potential resistance levels lie at 1.0885 (February 18, 19 highs) and above at 1.0900, that is an important level.
To the downside, between 1.0800 and 1.0810 price is expected to find support; but if broken the downside momentum could rise pushing the price toward 1.0780 (February 10, 17 lows); below the next support lies at 1.0765 and 1.0735 (February 1 3 low).