AUD/NZD Technical Analysis: Vulnerable after being rejected from 1.0700
- 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
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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