- AUD/NZD probes the monthly resistance line after RBA’s no rate change.
- 50-day SMA adds to the upside barriers.
- A three-week-old rising trend line offers additional support.
Following the RBA’s no rate change announcement, not to forget upbeat remarks, AUD/NZD extends recovery gains from 21-day SMA to a one-week high of 1.0289, currently near 1.0277, amid the early Tuesday.
The pair currently confronts the short-term rising trend line, at 1.0295, ahead of targeting a 50-day SMA level of 1.0340.
However, the pair’s sustained trading beyond 1.0340 will enable it to question March month top surrounding 1.0535.
Meanwhile, a daily closing below 21-day SMA level of 1.0215 can drag the quote to the near-term rising support line, currently at 1.0175.
AUD/NZD daily chart
Trend: Further recovery expected
|Today last price||1.027|
|Today Daily Change||0.0034|
|Today Daily Change %||0.33|
|Today daily open||1.0236|
|Previous Daily High||1.0273|
|Previous Daily Low||1.0215|
|Previous Weekly High||1.0362|
|Previous Weekly Low||1.0151|
|Previous Monthly High||1.0536|
|Previous Monthly Low||0.9924|
|Daily Fibonacci 38.2%||1.0237|
|Daily Fibonacci 61.8%||1.0251|
|Daily Pivot Point S1||1.021|
|Daily Pivot Point S2||1.0183|
|Daily Pivot Point S3||1.0152|
|Daily Pivot Point R1||1.0268|
|Daily Pivot Point R2||1.03|
|Daily Pivot Point R3||1.0326|
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