Wednesday, November 11, 2026

Technicals

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FxWirePro: Chinese data weighs on Aussie, AUD/NZD hits fresh 4-month lows at 1.0814

A soft reading in Chinese inflation numbers on Wednesday added to concerns about deflationary pressures, kept the Aussies subdued The Asian indices also took another hit after the softer Chinese inflation print triggered…

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

  • A soft reading in Chinese inflation numbers on Wednesday added to concerns about deflationary pressures, kept the Aussies subdued

  • The Asian indices also took another hit after the softer Chinese inflation print triggered a renewed wave of risk-aversion

  • Australian benchmark, the S&P/ASX trades marginally lower by -0.23% at 5,191, with banks and oil stocks are among the leading decliners

  • AUD/NZD was sold to fresh 4-mth low 1.0817, with 200 DMA at 1.0756 the next bear target

  • Downward biased daily RSI suggests the slide from September's high is likely to run further, but caution advised as price is at oversold

Resistance Levels:

R1: 1.0931 (10-Day MA)

R2: 1.0983 (Session high Oct 13)

R3: 1.0986 (Session high Oct 6)

Support Levels:

S1: 1.0790 (Session low June 11)

S2: 1.0756 (200 DMA)

S3: 1.0733 (Weekly Kijun)

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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