Thursday, October 15, 2026

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AUD/NZD sees positive signals - 1.0490/00 pivotal

+15pts in Asia - AUD led as stops above 0.7850 were tripped Bullish outside day yesterday contributes to Thursday's hammer reversal signal 1.0488 38.2% of 2015 fall & 20 dma resistance - close above strong positive Momen…

By Meredith J C Warren
1 min read
AUD/NZD sees positive signals - 1.0490/00 pivotal
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  • +15pts in Asia - AUD led as stops above 0.7850 were tripped

  • Bullish outside day yesterday contributes to Thursday's hammer reversal signal

  • 1.0488 38.2% of 2015 fall & 20 dma resistance - close above strong positive

  • Momentum studies & 5dma base - 10 & 20 dma's still edge south

  • Implies consolidation - Asian 1.0445/1.0478 range is initial support/resistance

 

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By FxWirePro Team