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AUD/NZD finds resistance at 1.0965

FXStreet (Córdoba) - The AUD/NZD finished NY session on Monday with modest losses trading around 1.0945. The pair moved sideways during most of the day.

At the beginning of the week rose toward Friday's highs but once again the area around 1.0965 capped the upside and the pair pulled back, bottoming at 1.0938.

AUD/NZD levels to watch

The decline from levels on top of 1.1000 found support around 1.0925. The area around 1.0920/30,where serveral daily lows are located is the immediate support to consider; below the Aussie could accelerated the decline toward 1.0900.

To the upside, immediate resistance is seen at 1.0965 (August 8, 11 high) and above here at 1.1010 and then last week highs around 1.1040/50.

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