Thursday, October 15, 2026

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FxWirePro: AUD/NZD fails to hold gains above 200-DMA, intraday bias lower

Rising market expectations of Fed rate hike is supporting broad based US Dollar strength keeping commodity currencies subdued. AUD/NZD trades a volatile session on Wednesday, oscillating between 20-DMA and major trendlin…

By FxWirePro Team
1 min read
FxWirePro: AUD/NZD fails to hold gains above 200-DMA, intraday bias lower
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  • Rising market expectations of Fed rate hike is supporting broad based US Dollar strength keeping commodity currencies subdued.
     
  • AUD/NZD trades a volatile session on Wednesday, oscillating between 20-DMA and major trendline resistance at 1.0765.
     
  • The pair has formed an 'Inverted Head & Shoulders' pattern on daily charts, breakout above neckline at 1.0770 could see further gains.
     
  • 200-DMA is major resistance on the upside, pair has failed to hold gains above on Wednesday's trade.
     
  • Intraday bias has turned bearish, break below 20-DMA (1.0637) could see drag lower.
     
  • Major support levels - 1.0637 (20-DMA), 1.06, 1.0588 (Oct 21 low)
     
  • Major resistance levels - 1.0710 (200-DMA), 1.0756 (Oct 26 high), 1.0770 (neckline)
     

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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