Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: AUD/NZD extends bullish momentum, eyes 200-DMA at 1.0717

AUD/NZD chart - Trading View 

Technical Analysis: Bias Bullish

- AUD/NZD trades with a bullish momentum, on track to test 200-DMA at 1.0717.

- Price action has shown a decisive break above 200H MA.

- The pair has retraced dip below daily cloud with Spinning Top formation at lows.

- MACD is on verge of bullish crossover on signal line.

- RSI has retraced from oversold territory and edged above the 50 mark.

Support levels - 1.0676 (21-EMA), 1.0662 (5-DMA), 1.0635 (200H MA)

Resistance levels - 1.0717 (200-DMA), 1.0759 (Nov 5th high), 1.08 

Summary: AUD/NZD is on track to test 200-DMA at 1.0717. Watch out for decisive break above 200-DMA for further gains. 
 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.