AUD/NZD Price Analysis: Price hits support around 1.0750, exhaustion on the downside?
- Aussie remains under pressure versus the kiwi as AUD/NZD drops back below 1.0800.
- Bearish bias in the cross remains intact, exhaustion signs emerge favouring some consolidation ahead.

The AUD/NZD continues to move with a bearish bias, but it has reached a strong support in the 1.0730/50 band. A break lower could trigger more losses, exposing 1.0700.
The decline of the cross has reached a strong resistance and also some technical indicators warn about some exhaustion, increasing the odds of a consolidation ahead.
In case of a consolidation, AUD/NZD could move between 1.0750 and 1.0850. The 20-day moving average at 1.0860 is a level to watch and above, around 1.0900, several short-term downtrend lines are seen. A close above 1.0860 would alleviate the bearish p4essure, and a break of 1.0900 would change the short-term bias to bullish.
AUD/NZD daily chart
Author

Matías Salord
FXStreet
Matías started in financial markets in 2008, after graduating in Economics. He was trained in chart analysis and then became an educator. He also studied Journalism. He started writing analyses for specialized websites before joining FXStreet.


















