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FXstreet.com (Barcelona) - AUD/NZD is currently dealing with session lows at 1.2792 bids, retracing from session highs at 1.2815 asks, bouncing from daily and 5-week lows yesterday at 1.2767, falling from yesterday's highs at 1.2862, following RBNZ leaving rates unchanged. The cross is lower by -0.21% from previous Asia-Pacific open yesterday and -0.41% for the week.

According to IFR Markets, and ahead of key risk event later in the session in the form of BoJ's monetary policy statement, and Greek elections Sunday: "The break below the June 4 lows and the widening of the Bollingers as that's happened puts the cross in a negative stance," the analysts say, adding: "We are short from the retrace back toward Monday's lows for a move below 1.2700."

Immediate support to the downside for AUD/NZD comes at recent yesterday's and 5-week lows 1.2768, followed by April 25 highs at 1.2720, and April 26/May 02 lows at 1.2681. For the upside, closest resistance show at session highs and Jan 31/Mar 12/May 15/Jun 07 lows 1.2815/20, followed by May 08 highs at 1.2857, and May 22 lows at 1.2917.

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