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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.

DateJuly 1, 2018 - 08:15
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast beginning of downtrend.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of beginning of downtrend is decreased.
  • A trough is formed in daily chart at 1.0660 on 06/19/2018, so more gains to resistance(s) 1.0925, 1.1050, 1.1135 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 65.

Supports and Resistances:

  1. 1.0010
  2. 1.0255
  3. 1.0360
  4. 1.0405
  5. 1.0500
  6. 1.0660
  7. 1.0760
  8. 1.0825
  9. 1.0925
  10. 1.1050
  11. 1.1135
  12. 1.1280
  13. 1.1375
  14. 1.1645
  15. 1.1920
  16. 1.2340
Click on the level to view price action history.