- The Aud/NZD was negotiating around the 1.07 zone, registering a slight decrease in the day.
- The general technical panorama suggests a bearish trend for the pair of currencies.
- Simple mobile socks point to sales pressure, while the relative force index remains neutral, and the indicator of convergence/divergence of mobile socks shows a purchase signal.
The Aud/NZD has experienced some downward pressure, around the 1.07 area on Tuesday. Despite the mixed signs of some indicators Of impulse, the long -term technical image seems to favor bassists, with several mobile socks reinforcing this feeling.
The Aud/NZD torque is currently exhibiting a bearish technical tendency. While the indicator of convergence/divergence of mobile socks is showing a purchase signal, suggesting a possible short -term bundle impulse, the broader context is inclined towards the negative. The relative force index is in neutral territory around level 42, offering little directional conviction at this time. However, both the simple mobile stockings of 20 days, 100 days and 200 days are indicating sales positions, highlighting a sustained bearish impulse in different time frames. Similarly, the 30 -day exponential mobile average and the simple mobile average also point to more falls.
Observing possible price movements, immediate support is observed in 1.0746, followed by 1,0739 and then a lower level in 1,0717. Upwards, the initial resistance can be found in 1,0774, with subsequent levels of resistance in 1,0781 and 1.0786.
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.
