|

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

  • AUD/NZD extends previous session’s declines on Friday.
  • The cross-currency pair faces a resistance barrier near 1.0500.
  • MACD holds above the midline with neutral stance

AUD/NZD edges lower on the last trading day of the week in the Asian trading session. The cross-currency pair stayed in a narrow trade band  amid upbeat Australian Retail Sales data. At the time of writing, AUD/NZD is trading at 1.0472, down 0.04% 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 at 1.0615 on October 12. The downside in the pair took a breather near the 50-day Simple Moving Average (SMA) at 1.0421. AUD/NZD spots a short term trading range of 1.0428 and 1.0490 around 21-day and 50-day SMAs confluence.

A successful daily close above the 21-day SMA at 1.0494 would mean the 1.0525 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 1.0575 horizontal resistance zone, followed by the high of October 13 at 1.0615.
.
Alternatively, if the price moves lower, it would first retest Wednesday’s low of 1.0445. Next, a daily close below the 50-day SMA could bring the 1.0400 horizontal support zone and one-month low of 1.0375 (September 28) back into picture.

AUD/NZD additional levels

AUD/NZD

Overview
Today last price1.0472
Today Daily Change-0.0004
Today Daily Change %-0.04
Today daily open1.0476
 
Trends
Daily SMA201.0496
Daily SMA501.043
Daily SMA1001.053
Daily SMA2001.0644
 
Levels
Previous Daily High1.051
Previous Daily Low1.0455
Previous Weekly High1.0497
Previous Weekly Low1.0399
Previous Monthly High1.0489
Previous Monthly Low1.0278
Daily Fibonacci 38.2%1.0476
Daily Fibonacci 61.8%1.0489
Daily Pivot Point S11.0451
Daily Pivot Point S21.0425
Daily Pivot Point S31.0395
Daily Pivot Point R11.0506
Daily Pivot Point R21.0536
Daily Pivot Point R31.0561


 

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 softens below 1.1800 ahead of ECB rate decision

The EUR/USD pair loses ground to around 1.1785 during the early European trading hours on Thursday. The Euro softens against the US Dollar as Eurozone inflation declined well below target ahead of the European Central Bank interest rate decision. The German Factory Orders and Eurozone Retail Sales are also due later on Thursday. 

GBP/USD falls toward 1.3600 ahead of BoE policy decision

GBP/USD extends its losses for the second successive session, trading around 1.3620 during the Asian hours on Thursday. The pair weakens as the Pound Sterling comes under pressure ahead of the Bank of England’s interest rate decision later in the day.

Gold recovers major part of intraday losses to sub-$4,800 levels; down a little on firmer USD

Gold rebounds swiftly following the Asian session fall to sub-$4,800 levels and climbs back above the $4,900 mark in the last hour, though the upside potential seems limited. Wednesday's softer US ADP report pointed to labor market weakness and strengthened the case for interest rate cuts by the Federal Reserve, lending support to the non-yielding yellow metal.

BTC steadies as bears shift focus toward $70,000

Bitcoin price remains under pressure so far this week, with the Crypto King slipping below $73,000 on Tuesday for the first time since November 2024. The price dip in BTC was fueled as the news came in late Tuesday that the US military shot down an Iranian drone that “aggressively” approached the USS Abraham Lincoln aircraft carrier in the Arabian Sea. 

BoE expected to keep interest rate steady amid sticky inflation, cooling job market

The Bank of England (BoE) will deliver its first monetary policy decision of 2026 on Thursday. Most analysts think the ‘Old Lady’ will sit tight, keeping the base rate at 3.75% after the cut delivered back on December 18. Alongside the decision, the bank will also release the Minutes, which should shed a bit more light on how policymakers weighed the arguments around the table.

Top Crypto Losers: Zcash, Stacks, BNB drop further as Bitcoin weakens

Zcash, Stacks, and BNB (formerly Binance Coin) are among the biggest losers over the last 24 hours as Bitcoin approaches $72,000. The correction is driven by multiple factors, including massive, steady outflows from institutions and large-wallet investors, broader-market risk-off sentiment, and the delay in the Digital Asset Clarity Act.