- The Australian dollar dropped sharply against the Kiwi, falling firmly below January and December lows. The consolidation under the 1.0400 area leaves the pair vulnerable to more losses over the next days.
- The next target to the downside could be seen at 1.0320; below a strong resistance is seen at 1.0235.
- A recovery back above 1.0420 would ease the negative tone. The two key levels to watch are 1.0550 (horizontal) and 1.0590 (downtrend line). A close above 1.0600 would strengthen the case for a recovery.
AUD/NZD Daily chart
AUD/NZD
Overview:
Today Last Price: 1.0387
Today Daily change: -0.0047 pips
Today Daily change %: -0.45%
Today Daily Open: 1.0434
Trends:
Daily SMA20: 1.0519
Daily SMA50: 1.052
Daily SMA100: 1.0651
Daily SMA200: 1.0775
Levels:
Previous Daily High: 1.0545
Previous Daily Low: 1.0396
Previous Weekly High: 1.0538
Previous Weekly Low: 1.0382
Previous Monthly High: 1.0671
Previous Monthly Low: 0.9631
Daily Fibonacci 38.2%: 1.0453
Daily Fibonacci 61.8%: 1.0488
Daily Pivot Point S1: 1.0372
Daily Pivot Point S2: 1.031
Daily Pivot Point S3: 1.0223
Daily Pivot Point R1: 1.052
Daily Pivot Point R2: 1.0607
Daily Pivot Point R3: 1.0669
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