AUD/NZD Price Analysis: Extends pullback from 21-day SMA after RBA


  • 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

AUD/NZD

Overview
Today last price 1.027
Today Daily Change 0.0034
Today Daily Change % 0.33
Today daily open 1.0236
 
Trends
Daily SMA20 1.0213
Daily SMA50 1.0341
Daily SMA100 1.0392
Daily SMA200 1.0509
 
Levels
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

 

 

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.

Feed news

Latest Forex News


Latest Forex News

Editors’ Picks

EUR/USD loses 1.1800 amid escalaing US-Sino tensions

EUR/USD dips sub-18 after the US reported an increase of 1.763 million jobs in July, better than estimated but pointing to a deceleration. Escalating Sino-American tensions are boosting the dollar and fiscal talks are eyed. 

EUR/USD News

GBP/USD resumes decline, weighed by UK concerns, US-China conflict

GBP/USD trades at fresh weekly lows below 1.3050 as the dollar got a sudden boost from mounting tensions between the world's two largest economies. UK Chancellor Rishi Sunak said the furlough scheme that is underpinning the economy cannot last forever.

GBP/USD News

Gold: Meteoric rally falters, closes the week below $2050

Dollar comeback poured cold water on gold’s record-breaking rally. US-China woes, US stimulus deadlock and upbeat NFP boosted the USD. The focus stays on US-China trade talks amid light US docket next week.

Gold News

Bitcoin may extend the recovery once Gold resumes the rally

Gold retreated from the recent highs, but the sentiments are still bullish. Cryptocurrencies resumed the upside, some altcoins are demonstrating strong gains. ETH/BTC stopped the downside correction and settled at $0.03300.

Read more

WTI extends slide toward $41, on track to post weekly gains

Crude oil prices continued to fall on Friday and the barrel of West Texas Intermediate (WTI) touched a daily low of $41.05 before recovering modestly.

Oil News

Forex MAJORS

Cryptocurrencies

Signatures