AUD/NZD
The latest economic data released in Australia were better than expected and provided significant support to the Australian dollar exchange rate against other major currencies in general and especially against the New Zealand dollar. It is possible that the positive momentum of the pair Australian Dollar - New Zealand dollar continues until it stops with the strong resistance level of 1.3300. It is estimated that at this point the pair will move back and maybe even reverse the trend immediately.
The technical picture of the pair shows that you can use three key points for making short position. The first point is the resistance level of 1.3300, if the pair continues to rise. The second point is the close of trading below 1.3130 support level and the third point is the closure of the session below the 1.3070 support level. You can use each of these points or all together. The first target of the short position is support around 1.2780 while the second and final point total for the year is around the lower bracket of NZ $ 1.2510 per Australian dollar.