Connect with us

Hi, what are you looking for?

Economy

AUDUSD and AUDNZD: support for AUDNZD at 1.09500 level

AUDUSD and AUDNZD: support for AUDNZD at 1.09500 level

AUDUSD pulled back to the 0.65600 level on Wednesday, testing the EMA200 moving average.
Yesterday, the AUDNZD fell to a new weekly low at the 1.09511 level. 

AUDUSD Chart Analysis

AUDUSD pulled back to the 0.65600 level on Wednesday, testing the EMA200 moving average. We managed to get the required support there and initiate a bullish consolidation from there.

We quickly moved above 0.65800 and formed a new high at the 0.66200 level. During this morning’s Asian trading session, the pair slightly retreats to the 0.66000 level.

The pressure is now on the Australian dollar, and we could see a further pullback. Potential lower targets are 0.65900 and 0.65800 levels.

Additional support in the 0.65800 zone is in the EMA200 moving average. We need a positive consolidation and a return above the 0.66200 level for a bullish option. After that we can hope for further recovery. Potential higher targets are 0.66300 and 0.66400 levels.

AUDNZD chart analysis

Yesterday, the AUDNZD fell to a new weekly low at the 1.09511 level. After that, we managed to hold on there and initiate a positive consolidation and resistance above the 1.09600 level.

During this morning’s Asian session, the pair continues growing and returning above the EMA200 moving average. A new daily high was formed at 1.09900, and we expect to see further growth to the bullish side.

Potential higher targets are 1.10000 and 1.10100 levels. We will test the weekly open price in the 1.1000 zone. We need a pullback below the EMA200 and the 1.09800 level for a bearish option. With that, we switch to the negative side and turn to lower support levels. Potential lower targets are 1.09700 and 1.09600 levels.

 

The post AUDUSD and AUDNZD: support for AUDNZD at 1.09500 level appeared first on FinanceBrokerage.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Enter Your Information Below To Receive Latest News, And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Stock

    Some customers of the failed cryptocurrency exchange FTX could receive the full value of the money they lost if a court approves the company’s...

    Stock

    About 800,000 customers of the online therapy platform BetterHelp will start receiving refund notices related to a settlement with the Federal Trade Commission, the...

    Editor's Pick

    The latest report from industry analyst firm Transforma Insights presents its annual snapshot of the status of the IoT market worldwide. Transforma Insights has...

    Latest News

    The Hill’s nonpartisan ethics watchdog found probable cause to believe Rep. Troy Nehls used campaign funds for personal use, according to a new report...

    Disclaimer: Financetimereport.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 Financetimereport.com