AUD/NZD eyes move lower in short term

Tuesday, 02/05/2017 | 09:07 GMT

Disclaimer

AUD/NZD has retreated from recent highs and if we can see a break below the lows for the last 24 hours, a move down to 1.0823 would be little surprise. This is the 38.2% retracement of the rally we have seen posted over the last two weeks and also matches the support seen around April 27th.

EUR/GBP is eyeing further gains with resistance likely to be encountered in the short term at recent highs of 0.8530 then 0.8585.

This article comprises the personal view and opinion of the STO Investment Research Desk and at no time should be construed as Investment Advice

STO Review

Source: https://www.stofs.com/en/newsroom/entry/TECHNICAL/audnzd-eyes-move-lower-in-short-term/?camp=24219

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