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Weekly forecast Australian Dollar / New Zealand Dollar technical chart
Symbol AUDNZD

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Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateApril 25, 2020 - 21:03
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • While the price is above the support 1.02700, continuation of uptrend is expected.
  • We make sure when the resistance at 1.06600 breaks.
  • If the support at 1.02700 is broken, the short-term forecast -continuation of uptrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 1.0475 on 04/21/2020, so more gains maximum to Major Resistance (1.0660) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 66.

Supports and Resistances:

  1. 1.1140
  2. 1.0990
  3. 1.0850
  4. 1.0660
  5. 1.0585
  6. 1.0395
  7. 1.0020
Click on the level to view price action history.