Friday, October 16, 2026

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AUD/NZD sees modest bearish setup

Doji in Asia - weaker USD leads to a quiet end to a frenzied week Momentum studies 5, 10 & 20 dma's move downwards, suggesting bearish setup Pair may consolidate on data due next week Initial support at Asian 1.0298 low …

By Ian Preston
1 min read
AUD/NZD sees modest bearish setup
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  • Doji in Asia - weaker USD leads to a quiet end to a frenzied week

  • Momentum studies 5, 10 & 20 dma's move downwards, suggesting bearish setup

  • Pair may consolidate on data due next week

  • Initial support at Asian 1.0298 low & 1.0284 March low

  • Resistance seen at NY 1.0356 high & yesterday's 1.0397 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