AUD/NZD intraday: the downside prevails as long as 1.0890 is resistance
Our pivot point stands at 1.0890.
Our preference: the downside prevails as long as 1.0890 is resistance.
Alternative scenario: the upside breakout of 1.0890, would call for 1.0910 and 1.0920.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.0877 and 1.0884).
Supports and resistances:
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