AUD/NZD Technical Analysis: Awaits RBNZ at Pivot-Point 'breakout' level

AUD/NZD chart

AUD/NZD is accumulated around the daily pivot point at 1.0822 ahead of the RBNZ event and in breakout territory. 

When is the RBNZ and how might it affect NZD/USD?

  • S1 is located at 1.0500.
  • S2 is located at 1.0460.
  • S3 is located at 1.0437. 
  • A break beyond S3 targets 1.0398 swing low fractal, guarding territory towards the June 27th swing low of 1.0371 ahead of the flash crash lows down at 1.0192.
  • R1 is located at 1.0562.
  • R2 is located at 1.0585.
  • R3 is located at 1.0624.
  • Upside Fibo targets are located at 1.0692 (50%) and 1.0807 (61.8%). 1.0774 is the 200-D SMA. 





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