Friday, October 16, 2026

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FxWirePro: AUD/NZD upside pauses at major trendline resistance at 1.05, bias higher, stay long

AUD/NZD upside pauses gains at major trendline resistance at 1.05. Kiwi bears relentless amid broad based US dollar rebound and weaker commodities, particularly oil. Momentum studies in the pair are bullish, break above …

By FxWirePro Team
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FxWirePro: AUD/NZD upside pauses at major trendline resistance at 1.05, bias higher, stay long
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  • AUD/NZD upside pauses gains at major trendline resistance at 1.05.
     
  • Kiwi bears relentless amid broad based US dollar rebound and weaker commodities, particularly oil.
     
  • Momentum studies in the pair are bullish, break above 1.05 to see test of 61.8% Fib at 1.0550.
     
  • Major support levels - 1.0430 (38.2% Fib), 1.0360 (trendline), 1.0356 (23.6% Fib), 1.0344 (20-DMA)
     
  • Major resistance levels - 1.05, 1.0540 (Aug 2 high), 1.0550 (61.8% Fib)
     
  • Our previous call (http://www.econotimes.com/FxWirePro-AUD-NZD-breaks-major-trendline-resistance-good-to-go-long-on-dips-312886) has achieved TP 1&2. Bias remains higher. 
     
  • We recommend booking partial profits, raise trailing stops to 1.0430, target 1.0550
     

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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