- The Aud/NZD operates around the 1,0800 area after modest profits before the Asian session.
- The bearish bias is maintained despite the stabilization of the short -term momentum.
- The key mobile socks above the price reinforce the resistance, while the support remains close below.
The Aud/NZD torque rose slightly on Thursday, quoting near the 1,0800 zone as the market transits to the Asian session. While the movement shows a slight intradic fortress, the broader technical configuration remains inclined downward. The mixed signals of short -term indicators collide with the clearly defined bearish structure formed by long -term trend lines and higher resistance.
Technically, the AUD/NZD is showing a bearish signal. The convergence/divergence of mobile socks currently gives a gentle purchase signal, while the relative force index remains neutral just below the 50 line. The fast RSI stock and the average directional index are also neutral, indicating that despite the gains of the day, the momentum remains limited and the conviction in the trend is scarce.
The bearish perspective is supported by the configuration of key mobile socks. Both the 30 -day exponential mobile average and the simple mobile average are positioned above the current price, limiting any upward extension. More significantly, the SMAs of 100 days and 200 days – aligned near the area of 1,0990 – add long -term resistance to the structure. The only support element comes from the 20 -day SMA, which offers a soft support just below the current levels, but lacks the necessary weight to counteract the broader trend.
The immediate support is located in 1,0784, 1.0776 and 1,0760. The resistance awaits in 1,0804, 1,0820 and 1,0833.
Daily graph
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
