AUDNZD: Limited downside available.
The daily price pattern trading on an RSI bullish divergence, indicating a limited downside risk. A rebound in oil prices likely to push the price higher in the near term.
The cross has initial support finds 1.0360 and 1.0325 an additional support finds at 1.0300. In case of a rebound, 1.05, 1.0550 and 1.0600 expected.
Key To Markets research team
The cross has initial support finds 1.0360 and 1.0325 an additional support finds at 1.0300. In case of a rebound, 1.05, 1.0550 and 1.0600 expected.
Key To Markets research team
Comment:
Holds the parallel support 1.4/1.0390.
Comment:
High made 1.0535.
Comment:
1.0550 2nd target done