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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.

DateSeptember 12, 2020 - 19:28
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • While the price is above the support 1.08000, continuation of uptrend is expected.
  • We make sure when the resistance at 1.10450 breaks.
  • If the support at 1.08000 is broken, the short-term forecast -continuation of uptrend- will be invalid.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 1.0810 on 09/03/2020, so more gains to resistance(s) 1.0965 and maximum to Major Resistance (1.1045) 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 56.

Supports and Resistances:

  1. 1.1140
  2. 1.0965
  3. 1.0800
  4. 1.0660
  5. 1.0350
  6. 1.0260
  7. 1.0155
  8. 1.0020
Click on the level to view price action history.