FXStreet (Córdoba) – AUD/NZD continued to slide at a moderate pace on Wednesday and bottomed at 1.0647, reaching the lowest level since May 8. Currently the pair trades at 1.0675, down 0.25% for the day.
The aussie continued to fall versus the kiwi. On Wednesday is about to post the four decline out of the last five trading days.
AUD/NZD technical levels
The pair remains bearish in the short term, making lower lows constantly. Today it moved away from the 1.0700 handle. To the downside, immediate support levels lie at 1.0650, 1.0605 and 1.0560 (May 8 low). On the opposite direction resistance could be located at 1.0680 (American session high), 1.0705 (daily high) and 1.0725 (May 25 high).
(Market News Provided by FXstreet)