AUD/NZD technicals point to further gains but it needs to show strength above 1.0850. A week with many events for AUD and NZD might keep volatility at a high level. The AUD/NZD pair has been rising since mid-July and it reached 1.0860. It is back near a critical area but it has arrived somewhat tired. Still, a daily close above, would reinforce the aussie, opening the doors to more gains. The area around 1.0850 capped the upside several times during 2019 and also in 2020. A significant close clearly above would clear the way for another leg higher over the medium term. The rally of AUD/NZD is challenging the mentioned area and also the upper limit of a short-term ascendant channel. A failure to break 1.0850 would likely lead to a correction. The key support is seen at 1.0730, horizontal level and also the uptrend line from July lows. AUD/NZD daily chart 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 Atlanta Fed’s GDPNow rises to 20.3% for Q3 on upbeat US data FX Street 2 years AUD/NZD technicals point to further gains but it needs to show strength above 1.0850. A week with many events for AUD and NZD might keep volatility at a high level. The AUD/NZD pair has been rising since mid-July and it reached 1.0860. It is back near a critical area but it has arrived somewhat tired. Still, a daily close above, would reinforce the aussie, opening the doors to more gains. The area around 1.0850 capped the upside several times during 2019 and also in 2020. A significant close clearly above would clear the way for another leg higher over the… Top 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.
