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 the overbought zone which indicates mild bearishness. MACD is currently above zero which indicates bullishness.

Its immediate support is 1.0921 & the resistance level is at 1.1001.

AUDNZD will trade in the up channel until there is trend reversal.

AUDNZD Technical Analysis: Daily Chart

In the daily charts, AUDNZD is trading in a down channel. AUDNZD is currently trading above 100 days SMA & below 20 and 50 days SMA.

RSI is in the selling zone which indicates bearishness. MACD is currently above zero which indicates bullishness.

Its immediate support is 1.0933 & the resistance level is at 1.0998.

AUDNZD will trade in the 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 1.0968, TAKE PROFIT AT 1.0933 AND STOP LOSS AT 1.0998