RBA Could Hasten AUD/NZD's Path To Parity

Discussion in 'Technical Analysis' started by Kaitlin, Jul 5, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    From a technical stand point, the AUD/NZD's desire to hold below long-term support/resistance level of 1.0500 for several days suggests that the pressure is indeed building for a potential move lower. Price has been making lower lows and lower highs, all the moving averages are pointing lower now and the[​IMG]

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