AUD/NZD Transfer

ByDragana My Engine Lab

The New Zealand Dollar (NZD), Australian Dollar (AUD) cross continues to trade in the ‘no man’s land” operating in the range between 0.9260 (1.0800) and 0.9300 (1.0750) not shifting outside of this channel block since early this month. Great for consistency buying AUD albeit a little boring. NZ GDP q/q Thursday morning followed by Aussie employment data releasing holds the key this week with both data capable of creating swift moves. Our call is a retest at 0.9300 (1.0750)

Current Level: 1.0752
Resistance: 1.0800
Support: 1.0750
Last Weeks Range: 1.0744 – 1.0802

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