AUD/NZD extends losses below 100/200-day EMA after Aussie Retail Sales. A five-week-old rising trend line on the Bears’ radar. 50% and 61.8% Fibonacci retracements can question buyers beyond 200-day EMA. With the downbeat Aussie data helping to extend the previous day’s pullback from 200-day EMA, AUD/NZD slips below 100-day EMA while flashing 1.0468 amid the Asian session on Friday. Read: Australia’s Retail Sales drop 0.3% in Jan, surprise negatively – AUD/USD off the highs The pair now seems to decline towards 23.6% Fibonacci retracement of its fall from November 2019 to January 2020, at 1.0430. However, an upward sloping trend line since January 29, currently around 1.0410, could question bears afterward. On the upside, 100-day and 200-day EMA, respectively near 1.0480 and 1.0525, can question the buyers ahead of pushing them to 50% Fibonacci retracement near 1.0585. Additionally, 61.8% Fibonacci retracement near 1.0655 and November 18, 2019, high of 1.0711 can lure the bulls beyond 1.0585. 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 Has BitMEX been operating in the UK without proper authorization? FX Street 2 years AUD/NZD extends losses below 100/200-day EMA after Aussie Retail Sales. A five-week-old rising trend line on the Bears’ radar. 50% and 61.8% Fibonacci retracements can question buyers beyond 200-day EMA. With the downbeat Aussie data helping to extend the previous day’s pullback from 200-day EMA, AUD/NZD slips below 100-day EMA while flashing 1.0468 amid the Asian session on Friday. Read: Australia’s Retail Sales drop 0.3% in Jan, surprise negatively – AUD/USD off the highs The pair now seems to decline towards 23.6% Fibonacci retracement of its fall from November 2019 to January 2020, at 1.0430. However, an upward sloping trend line… 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.
