AUD/NZD, stop below 1.1190 tripped

FXstreet.com (Barcelona) - AUD/NZD has broken below the all important 1.1190/12 support level, blowing stop loss orders placed right underneath the level, and allowing yet another bear run which so far has taken the pair to a new multi-year low at 1.1660.

At present, as technicals stand, any bounces should be seen as selling opprtunities, with immediate resistances seen at 1.12 (old support) followed by 1.1230 (double bottom closes Sept) ahead of 1.1250/60 (Aug lows). On the downside, next supports might be found at round numbers 1.1150 and 1.11.