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AUD/NZD intraday: rebound towards 1.0970
2024-04-25
731
Our pivot point is at 1.0940.
Our preference: rebound towards 1.0970.
Alternative scenario: the downside breakout of 1.0940 would call for 1.0920 and 1.0910.
Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.0947 and 1.0954).
Supports and resistances:
1.0990 **
1.0980 *
1.0970 **
1.0960
1.0947 last
1.0940
1.0940 **
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