untitled design

Aussie rises above 1.0400 again, still in danger zone

  • The post-RBA Australian dollar rally becomes short-lived.
  • AUD / NZD hits weekly lows below 1.0400, but then picks up.

The AUD / NZD rebound after the Reserve Bank of Australia meeting was short-lived. The cross fell to 1.0380, the lowest level since last week. It is hovering around the critical area of ​​1.0400.

Despite avoiding a sharp break below 1.0400 so far, technical indicators on the daily chart continue to favor the decline. A close above 1.0450 would be a positive development for the Aussie, suggesting a consolidation ahead with a possible recovery to 1.0500. The next resistance is seen at 1.0510 followed by 1.0540.

While below 1.0450, the AUD / NZD looks vulnerable and a consolidation below 1.0400 should point; below the next support is at 1.0300.

AUD / NZD daily chart

AUD / NZD

Overview
Today last price 1.0405
Today’s Daily Change -0.0022
Today daily change% -0.21
Today they open every day 1.0427
Trends
Daily SMA20 1.0444
SMA50 daily 1.0546
SMA100 daily 1.0648
SMA200 daily 1.069
Levels
Previous Daily High 1.0438
Previous Daily Low 1.0399
Previous weekly high 1.0448
Previous Weekly Low 1.0338
Previous monthly maximum 1.0592
Previous Monthly Low 1.0338
Daily Fibonacci 38.2% 1.0423
Daily Fibonacci 61.8% 1.0414
Daily Pivot Point S1 1.0404
S2 daily pivot point 1.0382
S3 Daily Pivot Point 1.0365
R1 daily pivot point 1.0444
Daily pivot point R2 1.046
R3 daily pivot point 1.0483

.
Source Link

You may also like

Get the latest

Stay Informed: Get the Latest Updates and Insights

 

Most popular