AUD/NZD chart - Trading View
Technical Analysis: Bias Bearish
- AUD/NZD was trading 0.41% lower on the day at 1.0343 at around 14:20 GMT.
- The pair has broken below daily cloud, Chikou span is biased lower.
- Momentum is strongly bearish, RSI is below 50, Stochs at oversold
- Volatility is high and rising as evidenced by widening Bollinger bands
- Major moving averages are biased lower, GMMA indicator shows bias is strongly bearish
Support levels - 1.03, 1.0279 (16th Sept low), 1.0258 (Lower W BB)
Resistance levels - 1.0390 (Cloud base), 1.0420 (50-DMA), 1.0435 (21-EMA)
Summary: AUD/NZD trades with a bearish bias. Break below daily cloud has opened downside. Scope for dip till 1.0250.
