AUD/NZD chart on Trading View used for analysis
- AUD/NZD extends weakness for 3rd straight session, trades 0.08% lower on the day.
- The pair has resumed downside after upside recovery attempts were rejected at 21-EMA.
- Momentum studies are bearish, RSI is biased lower. We see -ve DMI dominance.
- The pair is in a long term downtrend and rejection at 21-EMA has opened up further downside for the pair.
- We see scope for downside till 1.0370 (June 22 low). Further weakness only on break below.
- On the flipside, we see upside possiblity only on breakout at 21-EMA.
Support levels - 1.0428 (Lower BB), 1.04, 1.0370 (June 22 low)
Resistance levels - 1.0518 (5-DMA), 1.0566 (converged 20-DMA and 21-EMA)
Recommendation: Good to go short on upticks around 1.0480, SL: 1.0570, TP: 1.04/ 1.0370
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


US Gas Market Poised for Supercycle: Bernstein Analysts
FxWirePro- Major Pair levels and bias summary
Global Markets React to Strong U.S. Jobs Data and Rising Yields
Ethereum Reclaims Higher Ground: Ether Bulls Target $2,700 as Middle East Tensions Thaw
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift?
Aussie Bulls Charge: AUD/JPY Rallies as Geopolitical Clouds Part
Bitcoin Breaks the $70,000 Barrier: Bulls Target the $80,000 Horizon as Geopolitical Relief Ignites Crypto Markets
Pound Sterling Power: GBP/JPY Secures Third Day of Gains as Global Risk Tensions Recede
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures
FxWirePro: USD/ZAR slips sharply lower as US-Iran ceasefire lifts risk appetite
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One
FxWirePro: GBP/USD climbs to 4 -week high as ceasefire deal gives bulls traction
FxWirePro: EUR/ NZD downside pressure builds, key support level in focus
Geopolitical Shocks That Could Reshape Financial Markets in 2025 



