#AUDNZD @ 1.09027 The is middling for Monday after a failed run towards 1.0930.
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- The AUD/NZD is middling for Monday after a failed run towards 1.0930.
The pair currently trades last at 1.09027.
The previous day high was 1.0908 while the previous day low was 1.0856. The daily 38.2% Fib levels comes at 1.0888, expected to provide support. Similarly, the daily 61.8% fib level is at 1.0876, expected to provide support.
The AUD/NZD has been trending higher, with the Aussie (AUD) tapping into Friday’s high for October at 1.0930, but bullish momentum is draining out of the pair for the time being.
On the hourly candlesticks, the pair is knocking back into the 50-hour Simple Moving Average (SMA) technical barrier, with near-term support sitting at 1.0860 near the 200-hour SMA.
Intraday action is threatening to tip back over into the weekly P0 pivot point currently marked in near 1.0890, with P1 sitting at 1.0850 down below and bullish continuations set to run into R1 just beyond 1.0950.
On the daily candlesticks, the AUD/NZD pair is flashing significant signs of overextension. The Relative Strength Index (RSI) and Moving Average Convergence-Divergence (MACD) indicators are both pushing firmly into overbought territory, though MCAD traders will want to wait for a bearish rollover of the fast MACD line to signal new bearish momentum.
Long-term directional bias has drifted firmly into the midrange, with the 200-day SMA flat near 1.0820, and a downside move will see a firming up of short momentum back into the monthly P0 pivot just below the 1.0800 handle.
Downside moves are likely to be capped by the R1 pivot at 1.0660, with October’s low bids near 1.0640.
Technical Levels: Supports and Resistances
AUDNZD currently trading at 1.0906 at the time of writing. Pair opened at 1.0903 and is trading with a change of 0.03 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.0906 |
| 1 | Today Daily Change | 0.0003 |
| 2 | Today Daily Change % | 0.0300 |
| 3 | Today daily open | 1.0903 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 1.0751, 50 SMA 1.0804, 100 SMA @ 1.0828 and 200 SMA @ 1.082.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 1.0751 |
| 1 | Daily SMA50 | 1.0804 |
| 2 | Daily SMA100 | 1.0828 |
| 3 | Daily SMA200 | 1.0820 |
The previous day high was 1.0908 while the previous day low was 1.0856. The daily 38.2% Fib levels comes at 1.0888, expected to provide support. Similarly, the daily 61.8% fib level is at 1.0876, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 1.087, 1.0838, 1.0819
- Pivot resistance is noted at 1.0922, 1.094, 1.0973
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.0908 |
| Previous Daily Low | 1.0856 |
| Previous Weekly High | 1.0915 |
| Previous Weekly Low | 1.0823 |
| Previous Monthly High | 1.0919 |
| Previous Monthly Low | 1.0718 |
| Daily Fibonacci 38.2% | 1.0888 |
| Daily Fibonacci 61.8% | 1.0876 |
| Daily Pivot Point S1 | 1.0870 |
| Daily Pivot Point S2 | 1.0838 |
| Daily Pivot Point S3 | 1.0819 |
| Daily Pivot Point R1 | 1.0922 |
| Daily Pivot Point R2 | 1.0940 |
| Daily Pivot Point R3 | 1.0973 |
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