FxWirePro: Kiwi Continues to Fall Against Aussie, Intraday Bias Remains Bullish

FxWirePro: Kiwi Continues to Fall Against Aussie, Intraday Bias Remains Bullish

22 April 2016, 06:31
Roberto Jacobs
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FxWirePro: Kiwi Continues to Fall Against Aussie, Intraday Bias Remains Bullish

  • AUD/NZD is trading around 1.1207 marks. 
  • Pair made intraday high at 1.1219 and low at 1.1186 marks. 
  • Intraday bias remains bullish till the time pair holds immediate support at 1.1150 marks. 
  • A daily close below 1.1146 will take the parity down towards 1.1062/1.1016/ 1.0934 marks. 
  • On the other side, initial resistances are seen at 1.1226/1.1298/1.1352/1.1590 marks. 
  • Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend.

We prefer to take long position in AUD/NZD around 1.1200, stop loss 1.1150 and target 1.1298/1.1317 marks.

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