Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: AUD/NZD Technical Outlook

Chart - Courtesy Trading View 

Technical Analysis: Bias Bearish

- AUD/NZD was trading 0.42% lower on the day at 1.0672 at around 09:50 GMT

- The pair plunges lower for the third consecutive session

- Stochs and RSI are sharply lower, momentum with the bears

- Price action has slipped below 200H MA and GMMA indicator shows bearish shift on the intraday charts

- MACD and ADX support downside in the pair, Chikou span is biased lower

- The pair is holding above major support at 55-EMA and daily cloud

Support levels - 1.0669 (nearly converged cloud top and 55-EMA ), 1.0615 (110-EMA), 1.06

Resistance levels - 1.0718 (21-EMA), 1.0730 (5-DMA), 1.0735 (200H MA)

Summary: AUD/NZD trades with a bearish bias. Watchout for break below 55-EMA for further weakness. 
 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.