AUD/NZD Price Outlook: Aussie looking for a floor against Kiwi, slumps to 1.0780

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• The AUD/NZD has etched in a new weekly low at 1.0780 after a week of declines.
• The Aussie’s backslide comes after reaching a technical ceiling at 1.0940.
• Buyers to be pushed to the back end for next week if they can’t grab ahold of moving average barriers.

The AUD/NZD has managed to hold on for Friday, closing out the trading week close to flat on the last day after declining over 1.1% peak-to-trough from Monday’s peak near 1.0900.