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AUD/NZD intraday: as long as 1.0650 is support look for 1.0710
2024-02-29
626
Our pivot point stands at 1.0650.
Our preference: as long as 1.0650 is support look for 1.0710.
Alternative scenario: the downside breakout of 1.0650 would call for 1.0640 and 1.0630.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.0672 and 1.0663).
Supports and resistances:
1.0730 **
1.0720 *
1.0710 **
1.0700
1.0676 last
1.0660
1.0650 **
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