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AUD/NZD Technical Analysis: Back below the 20-day MA, near critical support

  • The AUD/NZD is moving within a trading range between 1.0500 and 1.0470, with a negative tone after retreating under the 20-day moving average.  
  • A break under 1.0470 would expose the key support seen around 1.0430/40: a daily close below should activate more losses targeting 1.0370.  
  • To the upside, above 1.0500 the Aussie could gain momentum. Only above 1.0650/60 (horizontal level/downtrend line in the daily chart) would signal more gains, a test of 1.0700 and a potential rally to 1.0800.  
  • Key events ahead: NZ trade data (Tuesday) and AU CPI (Wednesday).  
     

AUD/NZD 4 hours Chart

AUD/NZD

AUD/NZD Daily Chart  

AUD/NZD

AUD/NZD

Overview:
       Today Last Price:  1.0494
       Today Daily change:  0.0005  pips
       Today Daily change %:  0.05%
       Today Daily Open:  1.0489
Trends:
       Daily SMA20:  1.0556
       Daily SMA50:  1.0557
       Daily SMA100:  1.0707
       Daily SMA200:  1.0787
Levels:
       Previous Daily High:  1.0501
       Previous Daily Low:  1.047
       Previous Weekly High:  1.0671
       Previous Weekly Low:  1.0465
       Previous Monthly High:  1.0674
       Previous Monthly Low:  1.0408
       Daily Fibonacci 38.2%:  1.0489
       Daily Fibonacci 61.8%:  1.0482
       Daily Pivot Point S1:  1.0472
       Daily Pivot Point S2:  1.0456
       Daily Pivot Point S3:  1.0441
       Daily Pivot Point R1:  1.0503
       Daily Pivot Point R2:  1.0518
       Daily Pivot Point R3:  1.0534

 

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