Technicals

Add as a preferred source on Google

FxWirePro: AUD/NZD Daily Outlook

Chart - Courtesy Trading View Technical Analysis: - AUD/NZD was trading 0.47% higher on the day at 1.0897 at around 18:00 GMT - The pair is extending previous session's gains, breaks past 110-EMA - Momentum is bullish, v…

1 min read
FxWirePro: AUD/NZD Daily Outlook
Image from the original EconoTimes article

Read the original article

Chart - Courtesy Trading View 

Technical Analysis:

- AUD/NZD was trading 0.47% higher on the day at 1.0897 at around 18:00 GMT

- The pair is extending previous session's gains, breaks past 110-EMA

- Momentum is bullish, volatility is high and rising

- Price action is extending gains inside daily cloud, Chikou span is biased higher

- GMMA indicator shows major and minor trend have turned bullish on the intraday charts

Support levels - 1.0829 (200H MA), 1.0804 (55-EMA)

Resistance levels -1.0952 (Upper BB), 1.1001 (200-DMA)

Summary: AUD/NZD poised to extend gains. Price action has broken above 38.2% Fib and is on track to test 50% Fib at 1.0980. 
 

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