Thursday, October 15, 2026

Technicals

Add as a preferred source on Google

FxWirePro: AUD/NZD rejected at 1.0801 highs, slips below 200 DMA

AUD/NZD rebounded from multi-month lows at 1.0633 hit on Oct 16th, hit session highs at 1.0801 But price action was rejected at highs and the pair has edged below 200 DMA at 1.0761 and is currently trading at 1.0734 Drop…

By Jay L. Zagorsky
1 min read
EconoTimes — Reading the Times. Understanding the Future.

Read the original article

  • AUD/NZD rebounded from multi-month lows at 1.0633 hit on Oct 16th, hit session highs at 1.0801

  • But price action was rejected at highs and the pair has edged below 200 DMA at 1.0761 and is currently trading at 1.0734

  • Drop in dairy prices at the recent Fonterra's auction refuels RBNZ rate cut bets next week

  • Kiwi deals with another blow on the day after Fitch lowered Fonterra's senior unsecured rating and long-term issuer default rating to A from AA-

  • On the other hand, Aussie remains underpinned by the latest RBA minutes which sounded upbeat on the Australian economic prospects

  • Immediate resistance for AUD/NZD is located at 1.0761 (200 DMA) ahead of 1.0797 (10 DMA), while support on the downside lies at 1.0724 (Hourly 55 EMA)

Resistance Levels:

R1: 1.0761 (200 DMA) 

R2: 1.0797 (10 DMA)

R3: 1.0808 (Daily Tenkan)

Support Levels:

S1: 1.0724 (Hourly 55 EMA)

S2: 1.0710 (June 10 low)

S3: 1.0650 (Trendline support)

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

By FxWirePro Team