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AUD/NZD intraday: rebound towards 1.0850

2024-05-24
379

Our pivot point stands at 1.0810.

Our preference: rebound towards 1.0850.

Alternative scenario: the downside breakout of 1.0810 would call for 1.0790 and 1.0790.

Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.0826 and 1.0832).

Supports and resistances:

1.0870 **

1.0860 *

1.0850 **

1.0840

1.0823 last

1.0810

1.0810 **

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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