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  • The pair peaked yesterday above 1.0700, the highest level in a week but failed to hold and pulled back significantly, showing no strength in the Aussie to break the current range.  
  • The daily chart shows AUD/NZD vulnerable to the downside with price moving to the critical support seen around 1.0620/30 but still in the consolidation range around 1.0650. A daily close significantly below 1.0620 would signal more losses and a test of November lows. Below the next support is seen around 1.0550.  
  • A recovery above 1.0700 and also on top of 1.0710 (20-day moving average) would point to more gain with a short-term target at 1.0750.  

AUD/NZD Daily Chart

AUD/NZD

AUD/NZD

Overview:
       Today Last Price:  1.0627
       Today Daily change:  -29  pips
       Today Daily change %:  -0.272%
       Today Daily Open:  1.0656
Trends:
       Previous Daily SMA20:  1.072
       Previous Daily SMA50:  1.0825
       Previous Daily SMA100:  1.0885
       Previous Daily SMA200:  1.0813
Levels:
       Previous Daily High:  1.0702
       Previous Daily Low:  1.065
       Previous Weekly High:  1.0697
       Previous Weekly Low:  1.059
       Previous Monthly High:  1.0994
       Previous Monthly Low:  1.0723
       Previous Daily Fibonacci 38.2%:  1.067
       Previous Daily Fibonacci 61.8%:  1.0682
       Previous Daily Pivot Point S1:  1.0636
       Previous Daily Pivot Point S2:  1.0617
       Previous Daily Pivot Point S3:  1.0584
       Previous Daily Pivot Point R1:  1.0689
       Previous Daily Pivot Point R2:  1.0722
       Previous Daily Pivot Point R3:  1.0741