AUDNZD Technical Analysis: Weekly Chart
In the weekly charts, AUDNZD is trading in an up channel.
It is trading above all SMA.
The immediate support is 1.0611 & the resistance level is at 1.0692.
AUDNZD is trading in the up channel until there is a trend reversal.
AUDNZD Technical Analysis: Daily Chart
In the daily charts, AUDNZD was trading in a up channel.
It is trading above 100 days SMA & below 20 and 50 days SMA.
The immediate support is 1.0630 & the resistance level is 1.0691.
AUDNZD was trading in the up channel before the breakout downside.
How to Trade AUDNZD this Week:
AUDNZD will follow the downtrend until their trend reversal. So, remain bearish on AUDNZD.
TRADE SUGGESTION- SELL AT 1.0659, TAKE PROFIT AT 1.0630 AND STOP LOSS AT 1.0691