Technicals

Add as a preferred source on Google

FxWirePro: AUD/NZD refreshes three-month high above 1.10 mark, bias bullish

Chart - Courtesy Trading View Technical Analysis: - AUD/NZD was trading 0.11% higher on the day at 1.1004 at around 13:45 GMT - The pair has trimmed some of the initial gains and has slipped lower from new 3-month highs …

1 min read
EconoTimes — Reading the Times. Understanding the Future.

Read the original article

Chart - Courtesy Trading View 

Technical Analysis:

- AUD/NZD was trading 0.11% higher on the day at 1.1004 at around 13:45 GMT

- The pair has trimmed some of the initial gains and has slipped lower from new 3-month highs at 1.1030

- Momentum is bullish and volatility is high and rising, scope for further upside

- GMMA indicator shows major and minor trend are bullish on the daily charts

- MACD and ADX support upside in the pair, price action is above cloud and Chikou span is biased higher

Support levels:

S1: 1.0952 (5-DMA)

S2: 1.0892 (110-EMA)

Resistance levels:

R1: 1.0998 (200-DMA)

R2: 1.1037 (Upper BB)

Summary: AUD/NZD trades with a bullish bias. Watch out for decisive break above 200-DMA for further gains. 
 

Related articles

View all
Technicals

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