AUDNZD Technical Analysis: Weekly Chart

In the weekly charts, AUDNZD is trading in an up channel. AUDNZD is currently trading above all SMA.

RSI is in buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness.

Its immediate support is 1.0973 & the resistance level is at 1.1090.

AUDNZD will trade in an up channel until there is trend reversal

AUDNZD Technical Analysis: Daily Chart

In the daily charts, AUDNZD is trading in down channel. AUDNZD is currently trading below all SMA.

RSI is in selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 1.1009 & the resistance level is at 1.1047

AUDNZD will trade in down channel until there is trend reversal.  

How to Trade AUDNZD this Week:

AUDNZD will follow the downtrend until their trend reversal. So, remain bearish on AUDNZD.

TRADE SUGGESTION- SELL AT 1.1036, TAKE PROFIT AT 1.1009 AND STOP LOSS AT 1.1047