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AUD/NZD: Bounce Potential Off 1.0900 Support

Discussion in 'Technical Analysis' started by Kaitlin, Oct 7, 2015.

  1. Kaitlin

    Kaitlin Forum Member

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    As we noted earlier today, the Australian dollar is edging higher on the slightly less-dovish-than-expected RBA statement, driving AUD/USD into resistance in the mid-.7100s. As you would expect though, the strength in the Aussie is impacting more than just AUD/USD; in fact, AUD/NZD is also bouncing from a critical support[​IMG]

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