- The AUD/NZD slumped to a low of 1.0774 on Wednesday before recovering back above 1.0800.
- Low side rejections are firming up technical support on the intraday charts.
- Aussie could be gearing up for another challenge of the Kiwi which has dominated in November.
The AUD/NZD kicked off Wednesday trading dipping into a low of 1.0774 as the Aussie (AUD) pares back Tuesday's gains against the Kiwi (NZD), but the pair staged an intraday recovery to push the AUD/NZD back over the 1.0800 handle.
the pair heads into Thursday's market session trading on the low side of the 200-hour Simple Moving Average (SMA) near 1.0830, and the level for shorts to beat will be the technical support barrier firming up from swing lows into 1.0780.
Daily candlesticks see the AUD/NZD getting strung up on the 200-day SMA just below 1.0820, with the 200- and 50-day SMAs consolidating as near-term momentum evaporates in the Aussie-Kiwi pairing.
The Aussie initially rallied 3% against the Kiwi from October's low bids of 1.0624 into an early November high of 1.0943, but the AUD/NZD pair is now trading back from recent swings into the midrange.
Both the Relative Strength Index (RSI) and the Moving Average Convergence-Divergence (MACD) indicators are waffling into their mid-points as technical momentum devolves into noise in the medium term.
AUD/NZD Hourly Chart
AUD/NZD Daily Chart
AUD/NZD Technical Levels
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
AUD/USD consolidates around 0.6400; remains close to YTD top
AUD/USD holds steady around the 0.6400 mark on Friday and remains well within striking distance of the YTD peak touched earlier this week. A positive risk tone, along with the potential for a de-escalation in the US-China trade war, act as a tailwind for the Aussie amid a bank holiday in Australia and the lack of any meaningful USD buying.
USD/JPY edges higher to 143.00 mark despite strong Tokyo CPI print
USD/JPY attracts some dip-buyers following Thursday's pullback from a two-week high as hopes for an eventual US-China trade deal tempers demand for the JPY. Data released this Friday showed that core inflation in Tokyo accelerated sharply in April, bolstering bets for more rate hikes by the BoJ.
Gold eyes US-China trade talks and third straight weekly gain
Gold price holds Thursday’s rebound, defending weekly gains near $3,350 early Friday. Gold buyers catch a breather, taking stock of the trade developments globally after US President Donald Trump’s tariffs whiplash.
TON Foundation appoints new CEO after $400M investment: Will Toncoin price reach $5 in 2025?
TON Foundation has appointed Maximilian Crown, co-founder of MoonPay, as its new CEO. Toncoin price remained muted, consolidating with a tight 2% range between $3.08 and $3.21 on Thursday.
Five fundamentals for the week: Traders confront the trade war, important surveys, key Fed speech Premium
Will the US strike a trade deal with Japan? That would be positive progress. However, recent developments are not that positive, and there's only one certainty: headlines will dominate markets. Fresh US economic data is also of interest.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.