AUD/NZD stays bid near the highest since October 2018. A sustained break of 11-month-old horizontal resistance, a descending trend line from October 2017 favors the bulls. 1.1000 psychological magnet becomes immediate resistance to watch. Sellers are less likely to enter unless witnessing a break below 1.0880. AUD/NZD takes the bids near 1.0985 amid the early-Asian session on Monday. In doing so, the aussie cross refreshes the highest levels since late-2018 while extending the last week’s run-up beyond the key resistance lines, now supports. While a clear break of a falling trend line from October 2017 propels the quote towards the 1.1000 threshhold, any further upside might be capped by overbought RSI conditions, which if ignored will push the buyers to September 2018 top surrounding 1.1065. In a case where the AUD/NZD prices keep rallying past-1.1065, the year 2018 peak close to 1.1190 will be in the spotlight. On the contrary, 1.0940 may offer immediate support during the pair’s pullback ahead of highlighting the multi-week-old falling trend line around 1.0910/05. It should, however, be noted that the highs marked in November 2019 and June 2020 restrict the pair’s further downside around 1.0880. AUD/NZD weekly chart Trend: Bullish 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 Patent affirms efficacy of vaccine developed by China – Global Times FX Street 2 years AUD/NZD stays bid near the highest since October 2018. A sustained break of 11-month-old horizontal resistance, a descending trend line from October 2017 favors the bulls. 1.1000 psychological magnet becomes immediate resistance to watch. Sellers are less likely to enter unless witnessing a break below 1.0880. AUD/NZD takes the bids near 1.0985 amid the early-Asian session on Monday. In doing so, the aussie cross refreshes the highest levels since late-2018 while extending the last week’s run-up beyond the key resistance lines, now supports. While a clear break of a falling trend line from October 2017 propels the quote towards the… 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.
