AUD/NZD break 200-DMA. good to go long on dips

FX:AUDNZD   Australian Dollar / New Zealand Dollar
129 0 7
AUD/NZD             forms 'Inverted Head & Shoulders' pattern on daily charts .

The pair has broken major 200-DMA             resistance at 1.0710, bias remains higher.

Technicals support upside in the pair, Stochs and RSI are biased higher.

Breakout above neckline at 1.0770 could see gains upto 1.0920.

On the flipside, rejection at neckline could drag the pair to 1.0590 levels.

Drop in RBA November rate cut bets following the release of the upbeat inflation data boosts Aussie.

Major support levels - 1.0710 ( 200-DMA             ), 1.07, 1.0632 (20-DMA)

Major resistance levels - 1.0770 (neckline), 1.08 (May 17 high), 1.0875 (May 5 high), 1.0921 (May 10 high)

Good to go long on dips around 1.0725/30, SL: 1.0660, TP: 1.0770/ 1.08/ 1.0875/1.09
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out