AUD/NZD breaks through 1.1350 resistance; can’t hold on

FXstreet.com (Chicago) - AUD/NZD stretches higher sustaining performance above the 1.1350 front ahead of important speeches with potential monetary policy hints and Chinese data expected to affect the pair’s price action.

AUD/NZD Technical Levels

Technically speaking, the pair is offered at 1.1356 and oscillates between supports aligned at 1.1322 (October 4th lows), 1.1279 (September 27th highs) ahead of 1.1239 (October 1st lows) and above the resistance set at 1.1352 (October 9th lows) now facing 1.1395 (October 7th highs) followed by 1.1441 (October 9th highs). After spiking to 1.1357 peaks, the pair retraces minimally still above immediate limits. Ahead of Chinese data releases along Stevens, RBA Governor speech preceding Financial Stability Department’ Ellis, the FXstreet.com trend index reports the pair as slightly bullish on one-hour timeframe analysis above the EMA20.