Friday, October 16, 2026

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FxWirePro: AUD/NZD edges higher after taking 50-DMA support, bias remains lower

AUD/NZD price action rejected at session lows by 1.0536, pair has reversed RBNZ led slump and is trading at 1.0625 levels. 50-DMA at 1.0540 is strong support on the downside, pair has bounced off after holding 50-DMA sup…

By FxWirePro Team
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FxWirePro: AUD/NZD edges higher after taking 50-DMA support, bias remains lower
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  • AUD/NZD price action rejected at session lows by 1.0536, pair has reversed RBNZ led slump and is trading at 1.0625 levels.
     
  • 50-DMA at 1.0540 is strong support on the downside, pair has bounced off after holding 50-DMA support.
     
  • Techs on daily charts support further downside, RSI is biased lower, Stochs show a rollover from overbought levels.
     
  • We see scope for test of 1.05 levels, bearish invalidation only on close above 20-DMA at 1.0626.
     
  • Above 1.0626 the pair finds next resistance at 1.0727 (double top 22nd and 25th July) and then 1.0743 (double top 8th and 9th Aug).
     
  • Break below 50-DMA at 1.0540 will see test of 1.050 (trendline) and then 1.0436 (Aug 2nd low).
     

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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