Friday, October 16, 2026

Technicals

Add as a preferred source on Google

AUD/NZD validates hammer reversal

Cross sees light profit taking in Asia after opening +0.6% on strong AUD short squeeze Strong close validates Thursday's hammer reversal - significant positive Initial targets of 1.0488, 38.2% of 2015 fall Momentum studi…

By Meredith J C Warren
1 min read
AUD/NZD validates hammer reversal
Image from the original EconoTimes article

Read the original article

  • Cross sees light profit taking in Asia after opening +0.6% on strong AUD short squeeze

  • Strong close validates Thursday's hammer reversal - significant positive

  • Initial targets of 1.0488, 38.2% of 2015 fall

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

  • Suggests consolidation - earlier low & 10 dma at 1.0410 support

 

Related articles

View all
Technicals

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