AUD/NZD climbing steadily targeting 1.1540 zone

FXstreet.com (Chicago) - AUD/NZD consolidated reversal price movement after hitting 1.1512 session lows earlier today. The pair maintains 4-week highs and accumulates 0.05% gains so far, erasing yesterday’s losses.

AUD/NZD Technical Levels – bullish bias

Price action reveals the pair retraced 38.2% (Fibonacci percentage) from 1.1580 peaks after steep climb from 1.1286 levels that started last August 20th. Ahead of Tokyo’s opening, the pair trades at 1.1528 between supports at 1.1508 (August 23rd lows), 1.1489 (August 22nd lows) ahead of 1.1469 (August 26th lows) and resistances at 1.1543 (August 25th lows), 1.1560, (July 24th highs) followed by 1.1584 (August 25th highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis.