- Australian Dollar slipped across the board after Aussie employment data.
- 100-day SMA and 50% Fibonacci retracement can question the latest declines.
Although higher than expected Aussie unemployment rate dragged the AUD/NZD pair to a three-week low, it still is left to break 1.0500 support confluence to please the bears as it takes the rounds near 1.0520 during early Thursday.
50% Fibonacci retracement of March – April upside and 100-day simple moving average (SMA) highlight 1.0500 as the crucial level to beat for the bears targeting further downside towards 1.0475 and 61.8% Fibonacci retracement level around 1.0450.
If the 14-day relative strength index (RSI), presently in the normal region between 70 and 30, refrains from disturbing the downpour below 1.0450, late-March lows around 1.0400 could come back on the chart.
Meanwhile, 38.2% Fibonacci retracement near 1.0560 and a five-week-old descending trend-line at 1.0580 can keep limiting the quote’s short-term upside.
In a case where prices rally past-1.0580, 200-day SMA level of 1.0607 and May-end tops near 1.0634 might grab the spotlight.
AUD/NZD daily chart
Trend: Pullback expected
Additional important levels
|Today last price||1.0521|
|Today Daily Change||-18 pips|
|Today Daily Change %||-0.17%|
|Today daily open||1.0539|
|Previous Daily High||1.0583|
|Previous Daily Low||1.053|
|Previous Weekly High||1.0628|
|Previous Weekly Low||1.0499|
|Previous Monthly High||1.0728|
|Previous Monthly Low||1.052|
|Daily Fibonacci 38.2%||1.055|
|Daily Fibonacci 61.8%||1.0563|
|Daily Pivot Point S1||1.0518|
|Daily Pivot Point S2||1.0498|
|Daily Pivot Point S3||1.0465|
|Daily Pivot Point R1||1.0572|
|Daily Pivot Point R2||1.0604|
|Daily Pivot Point R3||1.0625|
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