- AUD/NZD trades near the 1.0800 zone after modest gains in Friday’s session.
- Short-term indicators favor buyers, despite mixed longer-term signals.
- Key support levels hold below, while resistance aligns near recent highs.
The AUD/NZD pair edged higher on Friday, trading near the 1.0800 zone after the European session, reflecting a steady bullish tone as the market heads into the Asian session. Price action remains within the middle of the day’s range, suggesting that buyers maintain control despite some longer-term resistance levels. The immediate outlook is supported by rising short-term averages, though broader challenges remain.
From a technical perspective, the pair is flashing a bullish overall signal. The Relative Strength Index remains neutral near 55, indicating balanced momentum without immediate overbought conditions. The Moving Average Convergence Divergence confirms the broader uptrend with a buy signal, reinforcing the positive tone. Meanwhile, the Bull Bear Power and Ultimate Oscillator are both neutral, highlighting the absence of extreme momentum in either direction.
The short-term trend structure is supportive of further gains. The 10-day and 20-day Simple Moving Averages, positioned below the current price, both slope upward, providing dynamic support for the ongoing uptrend. However, the longer-term 100-day and 200-day Simple Moving Averages remain above current levels and continue to trend lower, suggesting that broader selling pressure may still limit the upside over the medium term.
Support is located at 1.0837, 1.0825, and 1.0811. Resistance is found at 1.0866, 1.0883, and 1.0925. A break above the immediate resistance zone could confirm a broader breakout, while a move below support might trigger a short-term correction, potentially testing the lower end of the recent range.
Daily Chart
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. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.