AUD/NZD fails to stretch bounce from 1.0666 beyond 1.0725. The key support confluence, normal RSI favor bulls targeting monthly high. Sellers may aim for 200-day EMA during the fresh downside. AUD/NZD flirts with 1.0700 during the pre-Tokyo open Asian trading on Tuesday. In doing so, the pair respects 50-day EMA and a downward sloping trend line from June 02 as the key support. With the RSI conditions being normal, the latest bounce from the key 1.0660 support confluence is likely to diver the buyers towards the monthly high of 1.0757. However, the pair’s further upside will be challenged by late-June top surrounding 1.0790 and 1.0800 round-figures. Should bulls refrain from respecting 1.0800, the previous month’s peak near 1.0880 will be in the spotlight. Alternatively, bears will look for entries below 1.0660 while targeting 1.0625 and 1.0600 as the following rest-points. Though, 200-day EMA and the monthly bottom, respectively around 1.0575 and 1.0555, could question the pair’s further downside. AUD/NZD daily chart Trend: Pullback expected FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/JPY: Bulls riding USD weakness in slight risk-on sentiment FX Street 3 years AUD/NZD fails to stretch bounce from 1.0666 beyond 1.0725. The key support confluence, normal RSI favor bulls targeting monthly high. Sellers may aim for 200-day EMA during the fresh downside. AUD/NZD flirts with 1.0700 during the pre-Tokyo open Asian trading on Tuesday. In doing so, the pair respects 50-day EMA and a downward sloping trend line from June 02 as the key support. With the RSI conditions being normal, the latest bounce from the key 1.0660 support confluence is likely to diver the buyers towards the monthly high of 1.0757. However, the pair’s further upside will be challenged by late-June… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
