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AUD/NZD intraday: as long as 1.0700 is support look for 1.0750
2024-03-07
483
Our pivot point stands at 1.0700.
Our preference: as long as 1.0700 is support look for 1.0750.
Alternative scenario: below 1.0700, expect 1.0690 and 1.0680.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.0721 and 1.0715).
Supports and resistances:
1.0770 **
1.0760 *
1.0750 **
1.0740
1.0724 last
1.0710
1.0700 **
The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.
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