- The AUD/NZD is negotiated near the 1,0900 area after modest profits in Monday’s session.
- Short -term indicators support bullish bias despite longer term mixed signs.
- Key support levels are maintained below, while resistance is aligned near the maximums recent.
The Aud/NZD torque rose on Monday, negotiating near the 1,0900 zone after the European session, reflecting a constant bullish tone as the market goes to the Asian session. The price action is maintained in the middle of their daily range, suggesting that buyers maintain control despite some longer -term resistance levels. The immediate perspective is supported by short -term averages, although broader challenges persist.
From a technical perspective, the torque is showing a general bullish signal. The relative force index is in the 50s, indicating a balanced momentum without immediate overcompra conditions. The convergence/divergence of mobile socks confirms the widest bullish trend with a purchase signal, reinforcing the positive tone. Meanwhile, the bullish/bassist power remains close to the neutral, reflecting stable conditions in the short term, while both the stochastic K K and the percentage range of Williams also indicate a neutral momentum, suggesting that the pair is not yet overexted.
The short -term tendency indicators are aligned with the upward feeling. The exponential and simple mobile socks of 10 days, both positioned near the current price levels, are in ascending trend and provide immediate dynamic support. The 20 -day simple mobile average also supports the bullish perspective, further reinforcing the broader upward trend. However, simple mobile socks of 100 days and 200 days in the longer term remain above the current levels, suggesting that the broader sales pressure could still limit profits in the medium term.
The support is found in 1,0867, 1,0854 and 1,0828. The resistance is found in 1,0879, 1,0925 and 1,0947. A rupture above the immediate resistance zone could confirm a broader breakdown, while a movement below the support could trigger a short -term correction, potentially testing the lower end of the recent range.
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.
