Home AUD/NZD Technical Analysis: Rally mode remains in place, eyes on next strong resistance around 1.0550
FXStreet News

AUD/NZD Technical Analysis: Rally mode remains in place, eyes on next strong resistance around 1.0550

FX Street
Published date:
  • The weakness around the kiwi that was triggered after the latest RBNZ meeting remains in place and continues to support the upside.  
  • The AUD/NZD pair broke on Tuesday a key medium-term resistance level and opened the doors to more gains. The next strong barrier to the upside is located between 1.0540 and 1.0550. It should offer some resistance and could lead to a correction to 1.0450. But if broken, the next target stands at 1.0610/20.  
  • Technical indicators show overbought readings, but still the momentums in favor of the Aussie remains strong for a test of 1.0540/50.  

AUD/NZD Daily Chart

AUD/NZD

 

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision.  The information on this website is general in nature, so you must consider the information in light of your objectives, financial situation and needs. Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. Crypto promotions on this site do not comply with the UK Financial Promotions Regime and is not intended for UK consumers. This website is free for you to use but we may receive a commission from the companies we feature on this site.

© forexcrunch.com All Rights Reserved 2017 – 2026