Search ForexCrunch
  • AUD/NZD seesaws around the recent low of 1.0310 during early Wednesday.
  • In addition to seven-week-old descending trend-line, an immediate resistance-line stretched since March 05 also portrays that the trading sentiment is governed by bears.
  • After softer than previous New Zealand food price index, investors may await Australia’s Westpac consumer confidence to determine near-term moves.
  • The consumer sentiment index from Australia grew 4.3%, the highest since April 2016, during its February month release.
  • 61.8% Fibonacci expansion of January 21 to February 21 moves, at 1.0300 grabs immediate attention of sellers.
  • Should prices slid beneath 1.0300, September 2016 low near 1.0230 can appear in the spotlight.
  • On the upside, immediate resistance-line can cap the advances at 1.0340, a break of which may trigger recovery challenging 1.0365.
  • However, a bit broader downward sloping trend-line at 1.0400 could question buyers’ strength then after.

AUD/NZD 4-Hour chart


Additional important levels:

       Today Last Price:  1.0316
       Today Daily change:  -33  pips
       Today Daily change %:  -0.32%
       Today Daily Open:  1.0349
       Daily SMA20:  1.0413
       Daily SMA50:  1.0486
       Daily SMA100:  1.0562
       Daily SMA200:  1.0733
       Previous Daily High:  1.0362
       Previous Daily Low:  1.033
       Previous Weekly High:  1.0448
       Previous Weekly Low:  1.0341
       Previous Monthly High:  1.0551
       Previous Monthly Low:  1.0362
       Daily Fibonacci 38.2%:  1.0343
       Daily Fibonacci 61.8%:  1.035
       Daily Pivot Point S1:  1.0332
       Daily Pivot Point S2:  1.0315
       Daily Pivot Point S3:  1.03
       Daily Pivot Point R1:  1.0364
       Daily Pivot Point R2:  1.0379
       Daily Pivot Point R3:  1.0396