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
Note
Holds the parallel support 1.4/1.0390.Note
High made 1.0535.Note
1.0550 2nd target done
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.