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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.

DateJanuary 6, 2018 - 17:45
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 1.08250 would begin in Midterm.

Technical analysis:

  • A peak is formed in daily chart at 1.1050 on 01/03/2018, so more losses to support(s) 1.0905, 1.0765, 1.0610 and more depths is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 46.

Supports and Resistances:

  1. 1.0010
  2. 1.0255
  3. 1.0360
  4. 1.0490
  5. 1.0610
  6. 1.0765
  7. 1.0905
  8. 1.1020
  9. 1.1135
  10. 1.1200
  11. 1.1280
  12. 1.1375
  13. 1.1645
  14. 1.1820
  15. 1.2130
  16. 1.2340
Click on the level to view price action history.