AUD/NZD chart - Trading View
Technical Analysis: Bias Bearish
- AUD/NZD extends weakness for the 3rd straight session
- The pair has slipped further into daily cloud, chikou span is biased lower
- 5-DMA has turned, the pair is holding support at 50-DMA
- Stochs and RSI show momentum is bearish, RSI is well below 50
- GMMA indicator shows near-term moving averages have turned bearish
Support levels - 1.0422 (50-DMA), 1.0373 (Lower BB), 1.0365 (Cloud base)
Resistance levels - 1.0455 (5-DMA), 1.0463 (55-EMA), 1.0485 (20-DMA)
Summary: AUD/NZD poised for further downside. Watch out for break below 50-DMA for further weakness.
