Thursday, October 15, 2026

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AUD/NZD rejects 1.08, likely to fall further

Pair is currently trading at 1.0780 levels. It made intraday high at 1.0808 and low at 1.0754 levels. Intraday bias remains bearish till the time pair holds key resistance at 1.0873 levels. A daily close above 1.0970 wil…

By Earlence Fernandes
1 min read
AUD/NZD rejects 1.08, likely to fall further
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  • Pair is currently trading at 1.0780 levels.
     
  • It made intraday high at 1.0808 and low at 1.0754 levels.
     
  • Intraday bias remains bearish till the time pair holds key resistance at 1.0873 levels.
     
  • A daily close above 1.0970 will turn bias bullish and take the parity around 1.11 marks.
     
  • Key support levels are seen at 1.0747, 1.0576 and 1.0508 levels.

We prefer to take short position in AUD/NZD around 1.08, stop loss 1.0873 and target 1.0721/1.0662 levels.

 

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By FxWirePro Team