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6 Feb 2019
AUD/NZD Technical Analysis: Holding below critical level ahead of NZ data
- The AUD/NZD broke to the downside and it is about to post the lowest close since June 2017.
- The consolidation under the 1.0450 area points to further losses over the next sessions. The next strong support is seen at 1.0375 followed by 1.0330.
- Now the 1.0450/60 zone is the immediate resistance. A recovery back above would remove the short-term bearish momentum. On a wider perspective, the Aussie needs to rise above the trendline from August, currently at 1.0630/35, to clear the way to more gains.
- Key event ahead: NZ employment report at 21:45 GMT.
AUD/NZD Daily Chart
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AUD/NZD
Overview:
Today Last Price: 1.0411
Today Daily change: -0.0083 pips
Today Daily change %: -0.79%
Today Daily Open: 1.0494
Trends:
Daily SMA20: 1.0544
Daily SMA50: 1.0536
Daily SMA100: 1.0677
Daily SMA200: 1.0781
Levels:
Previous Daily High: 1.0532
Previous Daily Low: 1.0454
Previous Weekly High: 1.0562
Previous Weekly Low: 1.0448
Previous Monthly High: 1.0671
Previous Monthly Low: 0.9631
Daily Fibonacci 38.2%: 1.0502
Daily Fibonacci 61.8%: 1.0484
Daily Pivot Point S1: 1.0455
Daily Pivot Point S2: 1.0416
Daily Pivot Point S3: 1.0377
Daily Pivot Point R1: 1.0532
Daily Pivot Point R2: 1.0571
Daily Pivot Point R3: 1.061