AUD/NZD Technical Analysis: Awaits RBNZ at Pivot-Point 'breakout' level
|AUD/NZD chart
AUD/NZD is accumulated around the daily pivot point at 1.0822 ahead of the RBNZ event and in breakout territory.
When is the RBNZ and how might it affect NZD/USD?
- S1 is located at 1.0500.
- S2 is located at 1.0460.
- S3 is located at 1.0437.
- A break beyond S3 targets 1.0398 swing low fractal, guarding territory towards the June 27th swing low of 1.0371 ahead of the flash crash lows down at 1.0192.
- R1 is located at 1.0562.
- R2 is located at 1.0585.
- R3 is located at 1.0624.
- Upside Fibo targets are located at 1.0692 (50%) and 1.0807 (61.8%). 1.0774 is the 200-D SMA.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.