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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.

DateAugust 29, 2020 - 21:05
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 1.08650 is a major support, while this level is not broken, the Midterm wave will be uptrend.

Technical analysis:

  • The ascending flag taking shape suggests we will soon see another leg higher.
  • A trough is formed in daily chart at 1.0670 on 07/27/2020, so more gains to resistance(s) 1.0965, 1.1020, 1.1140 and more heights 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 57.

Supports and Resistances:

  1. 1.1140
  2. 1.0965
  3. 1.0755
  4. 1.0660
  5. 1.0570
  6. 1.0480
  7. 1.0360
  8. 1.0260
  9. 1.0155
  10. 1.0020
Click on the level to view price action history.