Aussie remains under pressure versus the kiwi as AUD/NZD drops back below 1.0800. Bearish bias in the cross remains intact, exhaustion signs emerge favouring some consolidation ahead. The AUD/NZD continues to move with a bearish bias, but it has reached a strong support in the 1.0730/50 band. A break lower could trigger more losses, exposing 1.0700. The decline of the cross has reached a strong resistance and also some technical indicators warn about some exhaustion, increasing the odds of a consolidation ahead. In case of a consolidation, AUD/NZD could move between 1.0750 and 1.0850. The 20-day moving average at 1.0860 is a level to watch and above, around 1.0900, several short-term downtrend lines are seen. A close above 1.0860 would alleviate the bearish p4essure, and a break of 1.0900 would change the short-term bias to bullish. 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 Turkey: CBRT cannot do it all to stabilise the lira – Rabobank FX Street 1 year Aussie remains under pressure versus the kiwi as AUD/NZD drops back below 1.0800. Bearish bias in the cross remains intact, exhaustion signs emerge favouring some consolidation ahead. The AUD/NZD continues to move with a bearish bias, but it has reached a strong support in the 1.0730/50 band. A break lower could trigger more losses, exposing 1.0700. The decline of the cross has reached a strong resistance and also some technical indicators warn about some exhaustion, increasing the odds of a consolidation ahead. In case of a consolidation, AUD/NZD could move between 1.0750 and 1.0850. The 20-day moving average at 1.0860… 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.
