AUD/NZD Technical Analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
On daily chart, the AUD/NZD pair is currently exhibiting consolidation after failing to sustain a move toward the resistance level at 1.22222, characterized by a recent sequence of lower highs. The price is hovering near the 1.21090 support level, which has acted as a pivot point multiple times throughout the observed period. Should the price break decisively below this support, the trend may shift toward the lower technical levels of 1.20350 and 1.19850, whereas a rebound from current levels would see the 1.21461 to 1.22222 range acting as immediate overhead resistance.





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