|

AUD/NZD Price Analysis: Swings in between 21-day and 50-day SMA confluence

  • AUD/NZD edges higher on Tuesday in the Asian trading hours.
  • The cross-currency pair faces a resistance barrier near 1.0500.
  • The Momentum oscillator holds above the midline, which indicates underlying bullish sentiment.

AUD/NZD fails to sustain the previous session’s gains on Tuesday. The cross-currency pair stayed in a narrow trade band with an upside bias. At the time of writing, AUD/NZD is trading at 1.0458, up 0.06% for the day.

AUD/NZD daily chart

On the daily chart, the AUD/NZD cross-currency pair has been under selling pressure after testing high above 1.0615 on October, 12. The downside took a breather near the 50-day Simple Moving Average (SMA) at 1.0429. 

A successful daily close above the 21-day Simple Moving Average (SMA) at 1.0488 would mean the 1.0550 horizontal resistance level for the spot.

The Moving Average Convergence (MACD) trades above the midline. Any uptick in the MACD suggests the possibility of the high made on October, 14 at 1.0610. Further, a close above the October, 12 high would bring the levels last seen in July back into action at the 1.0650 horizontal resistance zone.
.
Alternatively, if the price moves lower, it would first retest the 50-day SMA at 1.0436. Next, on the bear’s radar will be the 1.0380 horizontal support level and then September, 27 low of 1.0334.

AUD/NZD additional levels

AUD/NZD

Overview
Today last price1.0468
Today Daily Change0.0009
Today Daily Change %0.09
Today daily open1.0459
 
Trends
Daily SMA201.049
Daily SMA501.043
Daily SMA1001.0538
Daily SMA2001.0649
 
Levels
Previous Daily High1.0494
Previous Daily Low1.0434
Previous Weekly High1.0497
Previous Weekly Low1.0399
Previous Monthly High1.0489
Previous Monthly Low1.0278
Daily Fibonacci 38.2%1.0471
Daily Fibonacci 61.8%1.0457
Daily Pivot Point S11.0431
Daily Pivot Point S21.0403
Daily Pivot Point S31.0372
Daily Pivot Point R11.049
Daily Pivot Point R21.0522
Daily Pivot Point R31.055

Author

Rekha Chauhan

Rekha Chauhan

Independent Analyst

Rekha Chauhan has been working as a content writer and research analyst in the forex and equity market domain for over two years.

More from Rekha Chauhan
Share:

Editor's Picks

EUR/USD gathers traction, approaches 1.1800

EUR/USD manages to reverse Tuesday’s pullback, advancing to two-day highs near the 1.1800 hurdle in the latter part of Wednesday’s session. The pair’s decent uptick comes on the back of the modest retracement in the US Dollar, as investors continue to closely follow developments on the trade front and news from the White House in the wake of President Trump’s SOTU speech.

GBP/USD flirts with weekly tops north of 1.3500

GBP/USD leaves behind the previous day’s decline and regains fresh upside traction on Wednesday, surpassing the 1.3500 barrier in a context of a marginal advance in the Greenback and a generalised improved mood in the risk-associated universe. Meanwhile, the US tariff narrative continues to dictate the mood among market participants.

Gold picks up pace, focus on $5,200

Gold buyers are stepping back in on Wednesday, with sights set on $5,200 and potentially higher, after Tuesday’s pullback from monthly highs. The yellow metal’s recovery follows some loss of momentum in the US Dollar after Trump’s SOTU speech failed to deliver fresh impetus and AI-related jitters continue to fade.

Crypto Today: Bitcoin, Ethereum, XRP test rebound strength as ETF inflows return

Bitcoin, Ethereum and Ripple are gaining traction at the time of writing on Wednesday, amid persistent market doldrums. The Crypto King is up over 2% intraday, trading above $65,000 from the day’s opening of $64,058.

Nvidia remains at the heart of the AI boom

Nvidia remains at the heart of the AI boom, with Q4 revenue projected near $65.6–66.1 billion, nearly 70% higher year-over-year. But investors are watching cash flow, leverage, and broader AI adoption. Growth is strong, but the AI stress isn’t over.

Cosmos Hub Price Forecast: ATOM rebounds slightly, bearish outlook remains intact

Cosmos Hub (ATOM) price rebounds, trading above $2.05 at the time of writing on Wednesday, after undergoing a sharp correction since last week. Weakening on-chain and derivatives data support a bearish outlook, while technical analysis remains unfavorable.