AUD/NZD intraday: rebound
Our pivot point stands at 1.0840.
Our preference: rebound.
Alternative scenario: below 1.0840, expect 1.0820 and 1.0800.
Comment: the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (1.0861) but under its 50 period moving average (1.0863).
Supports and resistances:
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