FxWirePro: Kiwi Erases Previous Gain Against Aussie, Remains Well supported Above 1.08

FxWirePro: Kiwi Erases Previous Gain Against Aussie, Remains Well supported Above 1.08

10 May 2016, 08:23
Roberto Jacobs
0
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FxWirePro: Kiwi Erases Previous Gain Against Aussie, Remains Well supported Above 1.08

  • AUD/NZD is trading around 1.0870 marks. 
  • Pair made intraday high at 1.0872 and low at 1.0795 marks. 
  • Intraday bias remains bullish till the time pair holds immediate support at 1.0833 marks. 
  • A daily close below 1.0819 will take the parity down towards 1.0735/1.0651 marks respectively. 
  • On the other side, a sustained close above 1.0927 will drag the parity higher towards 1.0976/1.1062/1.1123/1.1298/1.1317 levels.

We prefer to take short position in AUD/NZD at 1.0886, stop loss 1.0938 and target 1.0735 marks.

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