AUD/NZD Technical Analysis: On the bids above 21-day SMA, bulls target 1.0900

AUD/NZD recovers the previous day’s losses.
A recent high, seven-month-old rising trend line acts as near-term key resistances.
An ascending support line since late-August can question sellers below 21-day SMA.

Anil Panchal FXStreet

With the 21-day SMA limiting the AUD/NZD pair’s immediate declines, the quote takes the bids to 1.0810 while heading into the European session on Tuesday.

The monthly high around 1.0870 is likely to target of the short-term buyers while an upward sloping trend line since April 17, at 1.0900, could lure bulls afterward.

Should there be increased upside beyond 1.0900, October 2018 high close to 1.1000 will return to the chart.

Meanwhile, pair’s declines below 21-day Simple Moving Average (SMA) level of 1.0760 can take rest on a rising support line since August 26, at 1.0700 now.

If sellers refrain from respecting 1.0700 mark, August 22 high close to 1.0620 may entertain them ahead of 1.0565/50 confluence including 200-day SMA and 50% Fibonacci retracement of the latest rise since August.

AUD/NZD daily chart

Trend: Bullish

additional important levels

Overview
Today last price	1.0812
Today Daily Change	0.0041
Today Daily Change %	0.38%
Today daily open	1.0771

Trends
Daily SMA20	1.0758
Daily SMA50	1.0742
Daily SMA100	1.0615
Daily SMA200	1.0561

Levels
Previous Daily High	1.0848
Previous Daily Low	1.0753
Previous Weekly High	1.0867
Previous Weekly Low	1.0706
Previous Monthly High	1.0827
Previous Monthly Low	1.0643
Daily Fibonacci 38.2%	1.0789
Daily Fibonacci 61.8%	1.0812
Daily Pivot Point S1	1.0733
Daily Pivot Point S2	1.0696
Daily Pivot Point S3	1.0639
Daily Pivot Point R1	1.0828
Daily Pivot Point R2	1.0885
Daily Pivot Point R3	1.0923

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

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