• AUD/NZD takes the bids to refresh intraday high after RBNZ Q3 Inflation Expectations.
  • RBNZ Q3 Inflation Expectations eased to 3.07% versus 3.29% prior.
  • Upside break of 200-HMA, upbeat oscillators also favor buyers.
  • Nearby support confluence around 1.1065 restricts immediate downside.

AUD/NZD remains on the front foot, extending Friday’s upside break of the one-week-old descending trend line, after softer inflation expectations data from the Reserve Bank of New Zealand (RBNZ) during early Monday in Europe.

That said, the Q3 RBNZ Inflation Expectations dropped below 3.29% prior to 3.07%, which in turn joins recently mixed data from New Zealand to weaken the New Zealand dollar (NZD) after the release.

Following the data, AUD/NZD pokes the 200-HMA, around 1.1090 while extending the previous day’s upside break of the key resistance line, now support near 1.1065.

Additionally favoring the AUD/NZD bulls are the firmer RSI and bullish MACD signals, not to forget a two-day-old support line near 1.1065.

With this, the quote is ready to cross the 1.100 threshold, which in turn could please buyers while directing them towards the monthly high near 1.1125.

Alternatively, pullback remains elusive until the quote stays beyond 1.1065, a break of which could direct the AUD/NZD sellers towards the previous weekly low around the 1.10000 psychological magnet.

AUD/NZD: Hourly chart

Trend: Further upside expected

Additional important levels

Overview
Today last price 1.1078
Today Daily Change 0.0016
Today Daily Change % 0.14%
Today daily open 1.1062
 
Trends
Daily SMA20 1.1077
Daily SMA50 1.1062
Daily SMA100 1.0993
Daily SMA200 1.0796
 
Levels
Previous Daily High 1.1083
Previous Daily Low 1.1041
Previous Weekly High 1.1141
Previous Weekly Low 1.1006
Previous Monthly High 1.1246
Previous Monthly Low 1.0936
Daily Fibonacci 38.2% 1.1067
Daily Fibonacci 61.8% 1.1057
Daily Pivot Point S1 1.1041
Daily Pivot Point S2 1.102
Daily Pivot Point S3 1.0999
Daily Pivot Point R1 1.1083
Daily Pivot Point R2 1.1104
Daily Pivot Point R3 1.1126

 

 

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