AUD/NZD chart
AUD/NZD is accumulated around the daily pivot point at 1.0822 ahead of the RBNZ event and in breakout territory.
When is the RBNZ and how might it affect NZD/USD?
- S1 is located at 1.0500.
- S2 is located at 1.0460.
- S3 is located at 1.0437.
- A break beyond S3 targets 1.0398 swing low fractal, guarding territory towards the June 27th swing low of 1.0371 ahead of the flash crash lows down at 1.0192.
- R1 is located at 1.0562.
- R2 is located at 1.0585.
- R3 is located at 1.0624.
- Upside Fibo targets are located at 1.0692 (50%) and 1.0807 (61.8%). 1.0774 is the 200-D SMA.
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