AUD/NZD chart - Trading View
Technical Analysis: Bias Neutral
- AUD/NZD trades 0.23% lower on the day at 1.0733 at around 11:40 GMT
- Pullback has held support at 200-DMA (1.0719), break below to see more downside
- RSI has turned lower and Stochs are on verge of rollover from overbought levels
- 55 month EMA caps upside at 1.0736, pair struggling to close above from the past 3 months
- Analysis of GMMA indicator shows major trend is neutral and minor trend is turning bearish
Support levels - 1.0719 (200-DMA), 1.0696 (21-EMA), 1.0684 (110-EMA)
Resistance levels - 1.0736 (55 month EMA), 1.08 (Trendline), 1.0843 (2021 high)
Summary: Major trend in the pair is neutral and stiff resistance is seen at 55 month EMA at 1.0736. Decisive close above 55 month EMA could change near-term trend. On the flipside, overbought oscillators are likely to weigh on the pair. Watch out for break below 200-DMA to see further downside.
