AUD/NZD ST: the upside prevails as long as 1.0700 is support
Our pivot point is at 1.0700.
Our preference: the upside prevails as long as 1.0700 is support.
Alternative scenario: the downside breakout of 1.0700 would call for 1.0540 and 1.0450.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.0745 and 1.0798).
Supports and resistances:
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