AUD/NZD chart - Trading View
Technical Analysis: Bias Bearish
- AUD/NZD was trading 0.16% lower on the day at 1.0746 at around 08:20 GMT
- Oscillators support weakness, Stochs and RSI are biased lower, RSI is well below 50 mark
- GMMA indicator shows major trend is neutral, while minor trend has turned bearish
- Recovery attempts in the pair capped at 21-EMA, stiff resistance seen till 1.08 mark
- The pair trades pivotal at 200-DMA support, break below will open downside
Support levels - 1.0744 (200-DMA), 1.0710 (Rising trendline), 1.0682 (50% Fib)
Resistance levels - 1.0778 (55-EMA), 1.0789 (21-EMA), 1.08 (20-DMA)
Summary: AUD/NZD trades with a bearish bias. Price action pivotal at 200-DMA support. Breach below will plummet prices. Scope for dip till 61.8% Fib at 1.0620.
