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27 May 2014
AUD/NZD technically bearish
FXStreet (Guatemala) - AUD/NZD is trading at 1.0812, up 0.09% on the day, having posted a daily high at 1.0814 and low at 1.0795.
While markets have ben quiet at the start of this week, there are a lack of fundamental drivers for the pair, but technically, the FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bearish. Currently RSI is at 60.07, up from the last hourly print at 50.31, with ADX at 17.11, down from its previous close at 19.83. Daily RSI sits at 49.06, in neutral territory. Looking to momentum indicators, the hourly 200 SMA is currently at 1.0801, down from the last close at 1.0807 and declining. Over the past 20 days, the exponential average closing price is 1.0801, and ranging.
AUD/NZD Levels
Current price is 1.0813, with resistance ahead at 1.0814 (Daily High), 1.0816 (Daily Classic R1), 1.0829 (Yesterday's High), 1.0841 (Daily Classic R2) and 1.0849 (Weekly Classic R1). Next support to the downside can be found at 1.0813 (Weekly High), 1.0808 (Hourly 20 EMA), 1.0807 (Hourly 200 SMA), 1.0804 (Daily Open) and 1.0801 (Daily 20 SMA).
While markets have ben quiet at the start of this week, there are a lack of fundamental drivers for the pair, but technically, the FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bearish. Currently RSI is at 60.07, up from the last hourly print at 50.31, with ADX at 17.11, down from its previous close at 19.83. Daily RSI sits at 49.06, in neutral territory. Looking to momentum indicators, the hourly 200 SMA is currently at 1.0801, down from the last close at 1.0807 and declining. Over the past 20 days, the exponential average closing price is 1.0801, and ranging.
AUD/NZD Levels
Current price is 1.0813, with resistance ahead at 1.0814 (Daily High), 1.0816 (Daily Classic R1), 1.0829 (Yesterday's High), 1.0841 (Daily Classic R2) and 1.0849 (Weekly Classic R1). Next support to the downside can be found at 1.0813 (Weekly High), 1.0808 (Hourly 20 EMA), 1.0807 (Hourly 200 SMA), 1.0804 (Daily Open) and 1.0801 (Daily 20 SMA).