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AUD/NZD Technical Analysis: Downside pressure remains a key force on the Aussie against the Kiwi

  • The past twenty-four hours  have seen the Aussie lift and then settle again against the Kiwi, leaving AUD/NZD more or less where it started the week as bidders struggle to return to the fold.

AUD/NZD Chart, 5-Minute

  • Over the near-term, the Aussie is exposed its softer underside more often than not, keeping the AUD/NZD pinned to the low end of the 100-hour moving average currently sitting near 1.0660.

AUD/NZD Chart, 30-Minute

  • Over the past two months, the Aussie-Kiwi has flagged into the downside as the AUD continues to suffer a confidence crisis at the hands of slumping Chinese trade figures, offset by New Zealand’s decidedly sunnier outlook,   and the pair has a long way to go before ousting the current downtrend.

AUD/NZD Chart, 4-Hour

AUD/NZD

Overview:
       Last Price:  1.0656
       Daily change:  -10  pips
       Daily change:  -0.0938%
       Daily Open:  1.0666
Trends:
       Daily SMA20:  1.0769
       Daily SMA50:  1.0853
       Daily SMA100:  1.0898
       Daily SMA200:  1.0817
Levels:
       Daily High:  1.0697
       Daily Low:  1.0641
       Weekly High:  1.0741
       Weekly Low:  1.0613
       Monthly High:  1.0994
       Monthly Low:  1.0723
       Daily Fibonacci 38.2%:  1.0675
       Daily Fibonacci 61.8%:  1.0662
       Daily Pivot Point S1:  1.0639
       Daily Pivot Point S2:  1.0612
       Daily Pivot Point S3:  1.0583
       Daily Pivot Point R1:  1.0694
       Daily Pivot Point R2:  1.0723
       Daily Pivot Point R3:  1.075

 

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