AUD/NZD 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
It seems that the Aussie is only getting ready to commence a recovery against its South Pacific counterpart, as the AUD/NZD pair is still trading in the vicinity of the lower boundary of the pattern. The cross is expected to receive substantial bullish impetus from the 200-hour SMA, which is currently placed at the 1.1186 mark. Thus, hourly indicators are now pointing to the upside. However, the pair will immediately approach the weekly PP, which coincides with the 100-hour SMA around 1.1250, and they are likely to threaten recovery in the next 24 hours. While 4H studies are bearish and daily ones are mixed, market sentiment is only marginally (51%-49%) biased in favour of bulls.

© Dukascopy Bank SA
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Wed, 22 Jul 2015 12:26:05 GMT

EUR/AUD 4H Chart: Channel Up

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