#AUDNZD @ 1.09166 The spent most of Tuesday drifting lower before a late-day break buoyed the pair.
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- The AUD/NZD spent most of Tuesday drifting lower before a late-day break buoyed the pair.
The pair currently trades last at 1.09166.
The previous day high was 1.093 while the previous day low was 1.09. The daily 38.2% Fib levels comes at 1.0918, expected to provide resistance. Similarly, the daily 61.8% fib level is at 1.0911, expected to provide support.
The AUD/NZD has bumped back over 1.0900 after the Kiwi (NZD) tripped and stumbled in early Wednesday market action, trading back down against the Aussie (AUD) and sending the AUD/NZD tipping back into a near-term high around 1.0930.
Aussie intraday declines sent the AUD/NZD back into the 200-hour Simple Moving Average (SMA) before the pair caught a rebound bid from the moving average.
The pair is trading back into the high end of recent action, but further upside remains limited for the AUD with long-term resistance piling up from the 1.0920 level.
On the down side, prices have been firmly cycling the 200-day SMA for most of the back half of 2023, and it won’t take much to push the Aussie back into a bearish pattern in a return to the long-run average.
Technical indicators are also running dry on the high side, with the Relative Strength Index (RSI) and Moving Average Convergence-Divergence (MACD) both tipping into overbought territory, though daily candlestick traders will want to wait for a slow-MA MACD crossover to confirm bearish momentum.
Technical Levels: Supports and Resistances
AUDNZD currently trading at 1.0917 at the time of writing. Pair opened at 1.0909 and is trading with a change of 0.07 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.0917 |
| 1 | Today Daily Change | 0.0008 |
| 2 | Today Daily Change % | 0.0700 |
| 3 | Today daily open | 1.0909 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 1.0761, 50 SMA 1.0805, 100 SMA @ 1.0826 and 200 SMA @ 1.082.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 1.0761 |
| 1 | Daily SMA50 | 1.0805 |
| 2 | Daily SMA100 | 1.0826 |
| 3 | Daily SMA200 | 1.0820 |
The previous day high was 1.093 while the previous day low was 1.09. The daily 38.2% Fib levels comes at 1.0918, expected to provide resistance. Similarly, the daily 61.8% fib level is at 1.0911, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 1.0896, 1.0882, 1.0865
- Pivot resistance is noted at 1.0926, 1.0943, 1.0957
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.0930 |
| Previous Daily Low | 1.0900 |
| Previous Weekly High | 1.0915 |
| Previous Weekly Low | 1.0823 |
| Previous Monthly High | 1.0919 |
| Previous Monthly Low | 1.0718 |
| Daily Fibonacci 38.2% | 1.0918 |
| Daily Fibonacci 61.8% | 1.0911 |
| Daily Pivot Point S1 | 1.0896 |
| Daily Pivot Point S2 | 1.0882 |
| Daily Pivot Point S3 | 1.0865 |
| Daily Pivot Point R1 | 1.0926 |
| Daily Pivot Point R2 | 1.0943 |
| Daily Pivot Point R3 | 1.0957 |
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