Aud/NZD price analysis: The crossing fights to keep earnings in mixed signals.

  • The Aud/NZD quotes near the 1,0900 zone with minor losses on Friday.
  • The pair maintains a bullish perspective despite short -term mixed signs.
  • The key support is grouped below 1,0880, with resistance about 1,0920.

The Aud/NZD torque is experiencing a slight sale pressure on Friday, around the 1,0900 area as the market approaches the Asian session. Despite the minor losses, the broader technical perspective remains constructive, with several key indicators aligning to support the upstream trajectory. However, short -term contradictory signals suggest that additional profits can face winds against, since operators sail between a mixture of purchase and sale pressures.

The AUD/NZD maintains a generally bullish structure, backed by the alignment of short -term mobile socks. The simple mobile average (SMA) indicates a purchase signal, reflecting the recent strength of the torque, while both the 10 -day exponential (EMA) mobile average and the 10 -day SMA also point to an ascending impulse. However, the image of the broader trend remains mixed, since the 100 -day and 200 -day smarts still favor the sale, highlighting the potential of deeper setbacks if the bullish impulse weakens.

Impulse indicators provide an equally divided perspective. The relative force index (RSI) is around level 50, indicating neutral conditions that are aligned with the current price consolidation. Meanwhile, the convergence/divergence indicator of mobile socks (MACD) indicates a purchase impulse, reinforcing the broader upward vision. In contrast, stock %K, which operates in the 80s, and the RSI Fast stock, positioned in the 90s, suggest overcompra conditions, indicating the potential of short -term corrective movements. The Bull Bear Power, located near the neutral, highlights even more this lack of a decisive tendency.

For now, immediate support is expected to be around 1,0871, with additional levels about 1,0867 and 1,0864. On the positive side, the resistance will probably emerge around 1,0914, closely followed by 1,0923 and 1,0945, which could limit any recovery attempt while the torque struggles to maintain its recent profits.

Daily graph

Source: Fx Street

You may also like