AUD/NZD Price Analysis: Pair remains under pressure below key moving averages
- AUD/NZD was seen trading near the 1.0840 zone, mildly recovering after earlier losses
- The pair maintains a strong bearish outlook, trading below all major moving averages
- Momentum indicators suggest continued downside, though RSI signals nearing oversold conditions
The AUD/NZD pair continues to reflect bearish dynamics on Monday’s session , with price action hovering near the 1.0800 region. Despite a modest rebound, the broader technical structure remains tilted to the downside.
The pair is firmly capped by all major moving averages — both simple and exponential — from short to long-term periods. Notably, the 10-day EMA at 1.08495, 50-day EMA at 1.09701, and 100-day SMA at 1.10280 all point south, while the 200-day SMA at 1.10080 reinforces the longer-term bearish bias. Price has failed to break above any of these key averages, confirming sustained downside pressure.
Momentum indicators are aligned with the bearish theme. The MACD continues to print red bars, while the Momentum oscillator at −0.02370 also suggests weak buying interest. Meanwhile, the RSI sits at 33.10 approaching oversold territory, which may slow the pace of losses but does not yet support a reversal.
Support is seen at 1.0800 and 1.0765, with deeper losses eyeing the 1.0720 zone. Resistance levels are stacked at 1.0850, 1.0900, and 1.0970 (50-day EMA). For now, the technical landscape favors sellers while the pair remains suppressed below these moving averages.
Daily chart
Author
Patricio Martín
FXStreet
Patricio is an economist from Argentina passionate about global finance and understanding the daily movements of the markets.
