AUD/NZD Short term outlook
Intraday Bias –Weak.
AUD/NZD has broken major support 1.0410 (200 day HMA) and also trading below ichimoku (Tenken-Sen and Kijun-Sen). Overall trend is weak and decline till 1.028 cannot be ruled out.
The pair’s is facing minor resistance around 1.0438 and any intraday trend reversal can happen only above that level.
Indicators (1 Hour chart)
CCI (50) – Sell
CCI (14) – Sell
Ichimoku- Sell
Recommendations: Sell AUD/NZD around 1.0385, SL 1.0438, Target 1.0285.
AUD/NZD has broken major support 1.0410 (200 day HMA) and also trading below ichimoku (Tenken-Sen and Kijun-Sen). Overall trend is weak and decline till 1.028 cannot be ruled out.
The pair’s is facing minor resistance around 1.0438 and any intraday trend reversal can happen only above that level.
Indicators (1 Hour chart)
CCI (50) – Sell
CCI (14) – Sell
Ichimoku- Sell
Recommendations: Sell AUD/NZD around 1.0385, SL 1.0438, Target 1.0285.