AUD/NZD Price Analysis: Bulls struggle to break above 1.0780 mark

  • AUD/NZD extends the previous day’s decline on Friday.
  • Bulls need to breach the 1.0780 mark to gain control.
  • Momentum oscillator holds onto the positive territory.

AUD/NZD treads water in the Asian session. The pair opened at the higher level, albeit fizzling out rather quickly to touch the swing low at 1.0767. 
As of writing, the AUD/NZD was seen trading at 1.0780 with 0.1% losses.

AUD/NZD daily chart

On the daily chart, the AUD/NZD has been consolidating near the 1.0780 mark with multiple support formations. The downward trendline from the high of 1.0947 acts as a strong resistance barrier for the bulls.

A sustained move above the 1.0780 mark could push AUD/NZD higher towards the previous day’s high at 1.0805, which also coincides with the bearish sloping line.

The next area of resistance would be located at the June 11 high at 1.0816.

The Moving Average Convergence Divergence (MACD) indicator reads above the midline, with bullish crossover. The reading signifies underlying bullish sentiment.

AUD/NZD bulls would keep their eye on the 1.0825 horizontal resistance level.

Alternatively, any downtick in the MACD could invalid the previous price set up. The cross could test the 1.0765 horizontal support level followed by the June 9 low at 1.0742.

Market participants then move toward the 20-day Simple Moving Average (SMA) at 1.0730.

AUD/NZD additional levels


Today last price 1.0782
Today Daily Change -0.0003
Today Daily Change % -0.03
Today daily open 1.0785
Daily SMA20 1.0729
Daily SMA50 1.0759
Daily SMA100 1.0763
Daily SMA200 1.0728
Previous Daily High 1.0805
Previous Daily Low 1.0744
Previous Weekly High 1.0817
Previous Weekly Low 1.0714
Previous Monthly High 1.0851
Previous Monthly Low 1.06
Daily Fibonacci 38.2% 1.0767
Daily Fibonacci 61.8% 1.0782
Daily Pivot Point S1 1.075
Daily Pivot Point S2 1.0716
Daily Pivot Point S3 1.0689
Daily Pivot Point R1 1.0812
Daily Pivot Point R2 1.084
Daily Pivot Point R3 1.0874



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.

Feed news

Latest Forex News

Latest Forex News

Editors’ Picks

EUR/USD refreshes daily high above 1.1850 ahead of EU data

EUR/USD is trading above 1.1850, as it continues to notch higher on Thursday. Dovish Fed downs the US Treasury yields alongside the US dollar. Rebound in Chinese stocks lifts overall market mood, weighing further on the safe-haven dollar. Eurozone data and US GDP in focus.


GBP/USD renews monthly top above 1.3900 on softer USD, Brexit optimism

GBP/USD picks up bids to refresh multi-day high above 1.3900. US dollar tracks Treasury yields to the south amid Fed’s dovish tilt. EU softens legal threat over NI protocol on demand of UK’s Frost. UK scraps quarantine rules for fully vaccinated EU, US travelers.


Gold remains on track to test 200-DMA, US GDP awaited

In the aftermath of the Fed decision, gold price is extending its recent run higher, looking to recapture the critical 200-Daily Moving Average (DMA) at $1821. The market mood has improved amid a rebound in the Chinese stocks.

Gold News

SafeMoon Price Prediction: SAFEMOON contemplates 34% gains

SafeMoon price is experiencing a bottom formation as SAFEMOON approaches a crucial support level twice over the past week. If a bounce from this barrier evolves, it will indicate a double bottom reversal in play. SafeMoon price crashed 20% between July 19 and July 20 to $0.00000273.

Read more

US Q2 GDP Preview: Economy to continue to expand at strong pace

The US Bureau of Economic Analysis (BEA) will release on Thursday, July 29, its first estimate of the annualized Gross Domestic Product (GDP) growth for the second quarter. 

Read more