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 bearishness.

Its immediate support is 1.1091 & the resistance level is at 1.1178.

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

AUDNZD Technical Analysis: Daily Chart

In the daily charts, AUDNZD was trading in down 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 1.1125 & the resistance level is at 1.1162

AUDNZD was trading in down channel before there is breakout upside.  

How to Trade AUDNZD this Week:

AUDNZD will follow the uptrend until their trend reversal. So, remain bullish on AUDNZD.

TRADE SUGGESTION- BUY AT 1.1140, TAKE PROFIT AT 1.1162 AND STOP LOSS AT 1.1125