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AUD/NZD Technical Evaluation: Bearish outlook intact whereas under 1.0560

  • The pair continues to carry a bearish bias. The important thing resistance is the downtrend line at present at 1.0550/70. A break increased would invalidate the draw back bias and would level to additional positive factors for the Aussie. 
  • Over the previous couple of days it has been consolidating round 1.0430. A day by day shut underneath 1.0400 would add extra stress to the draw back exposing February lows at 1.0368. 
  • The following draw back targets is likely to be positioned at 1.0310/20 (July 2016 / January 2017 low) and 1.0280 (July 2017 low). 

AUD/NZD Each day Chart



    At this time Final Value: 1.043
    At this time Each day change: 0.0008 pips
    At this time Each day change %: 0.08%
    At this time Each day Open: 1.0422
    Each day SMA20: 1.0459
    Each day SMA50: 1.0503
    Each day SMA100: 1.0605
    Each day SMA200: 1.0755
    Earlier Each day Excessive: 1.0436
    Earlier Each day Low: 1.0388
    Earlier Weekly Excessive: 1.0491
    Earlier Weekly Low: 1.038
    Earlier Month-to-month Excessive: 1.0671
    Earlier Month-to-month Low: 0.9631
    Each day Fibonacci 38.2%: 1.0418
    Each day Fibonacci 61.8%: 1.0406
    Each day Pivot Level S1: 1.0395
    Each day Pivot Level S2: 1.0367
    Each day Pivot Level S3: 1.0347
    Each day Pivot Level R1: 1.0443
    Each day Pivot Level R2: 1.0463
    Each day Pivot Level R3: 1.0491