FxWirePro

AUD/NZD Short Term Outlook

Short
FX:AUDNZD   Australian Dollar / New Zealand Dollar
99 views
1
AUD/NZD has made a low of 1.04289 and slightly recovered till 1.04523 level. Short term trend is bullish as long as resistance 1.048 holds.
On the upside minor resistance is around 1.0459 and any indicative break above would extend gain to 1.0480/1.0509 in short term.
Long term trend reversal only above 1.0640 (161.8% retracement of 1.05579 and 1.04289).
The pair’s minor support is around 1.0420 and any indicative break below will take the pair to 1.0313 (61.8% projection of 1.08669 and 1.04712 from 1.05579).

Indicators (1 hour chart)
CCI (50) – Sell
CCI (14) – Sell
Ichimoku- Sell

Recommendation: Sell AUD/USD around 1.04510, SL 1.0481, Target 1.0315.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out