Friday, October 16, 2026

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AUD/NZD dominant consolidation remains

Conflicting momentum studies, 5, 10 & 20 dma's - neutral setup 1.0280/1.0530 range dominates for more than a month Major news/data required for a sustained range break Initial support/resistance is last week's 1.0359 low…

By Meredith J C Warren
1 min read
AUD/NZD dominant consolidation remains
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  • Conflicting momentum studies, 5, 10 & 20 dma's - neutral setup

  • 1.0280/1.0530 range dominates for more than a month

  • Major news/data required for a sustained range break

  • Initial support/resistance is last week's 1.0359 low & earlier 1.0414 high

 

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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