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AUD/NZD intraday: below its lower Bollinger band

2023-09-13
687

Our pivot point is at 1.0870.

Our preference: the downside prevails as long as 1.0870 is resistance.

Alternative scenario: above 1.0870, look for 1.0880 and 1.0890.

Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.0866 and 1.0874). Finally, the AUD/NZD is trading below its lower Bollinger band (standing at 1.0855).

Supports and resistances:

1.0890 **

1.0880 *

1.0870 **

1.0860

1.0854 last

1.0840

1.0830 **

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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