Thursday, October 15, 2026

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FxWirePro: AUD/NZD edges higher from session lows at 1.0621, downside intact till 200-DMA resistance holds

AUD/NZD fails to hold break below 23.6% Fib at 1.0640, edges higher from session lows at 1.0621. The pair was rejected at major trendline resistance at 1.0765, has slipped below 200-DMA at 1.0712. A decisive break below …

By FxWirePro Team
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FxWirePro: AUD/NZD edges higher from session lows at 1.0621, downside intact till 200-DMA resistance holds
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  • AUD/NZD fails to hold break below 23.6% Fib at 1.0640, edges higher from session lows at 1.0621.
     
  • The pair was rejected at major trendline resistance at 1.0765, has slipped below 200-DMA at 1.0712.
     
  •  A decisive break below 1.0640 (23.6% Fib) could see further drag.
     
  • Techs do not provide clear directional bias for now. RSI and Stochs are on the verge of a rollover from overbought levels.
     
  • Major support levels - 1.0640 (23.6% Fib), 1.06, 1.056 (20-DMA & 38.2% Fib), 1.05 (50% Fib)
     
  • Major resistance levels - 1.0699 (5-DMA), 1.07, 1.0712 (200-DMA), 1.0760 (trendline)
     
  • Recommendation: Good to go short on decisive break below 1.0640, SL: 1.0715, TP: 1.06/ 1.0563/ 1.05
     
  • Bearish invalidation above trendline resistance at 1.0765, test of 1.0874 then likely.
     

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Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team