AUD/NZD extends recovery moves from one week low of 1.0651. Monthly resistance line adds to the upside barriers. A confluence of 100 and 200-day SMA becomes the key support. AUD/NZD takes the bids near 1.0672 during the early Asian session on Thursday. The pair recently bounces off the weekly bottom surrounding 1.0650. However, 50-day SMA questions the pullback moves. As a result, sellers remain hopeful to revisit a 13-day-old support line, at 1.0635 now, a break of which could drag the quote to June 15 low near 1.0580. However, 100 and 200-day SMAs will question the pair’s further downside around 1.0540/35. Should there be a daily closing below 1.0535, the bears may target 50% Fibonacci retracement of March-June upside, at 1.0400, during the additional weakness. Meanwhile, a clear break of 50-day SMA, at 1.0700 now, can escalate the quote’s U-turn towards a descending trend line from June 02 near 1.0760 ahead of pushing the buyers to June 25 peak close to 1.0790. 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 NZD/USD eases from one-week top to remain under 0.6500 FX Street 3 years AUD/NZD extends recovery moves from one week low of 1.0651. Monthly resistance line adds to the upside barriers. A confluence of 100 and 200-day SMA becomes the key support. AUD/NZD takes the bids near 1.0672 during the early Asian session on Thursday. The pair recently bounces off the weekly bottom surrounding 1.0650. However, 50-day SMA questions the pullback moves. As a result, sellers remain hopeful to revisit a 13-day-old support line, at 1.0635 now, a break of which could drag the quote to June 15 low near 1.0580. However, 100 and 200-day SMAs will question the pair’s further downside around… 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.
