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AUD/NZD intraday: as long as 1.0860 is support look for 1.0920

2023-10-24
452

1.0860 is our pivot point.

Our preference: as long as 1.0860 is support look for 1.0920.

Alternative scenario: the downside breakout of 1.0860 would call for 1.0840 and 1.0820.

Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.0878 and 1.0856).

Supports and resistances:

1.0950 **

1.0940 *

1.0920 **

1.0910

1.0881 last

1.0870

1.0860 **

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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