AUD/NZD intraday: under pressure below 1.0900
Our pivot point stands at 1.0900.
Our preference: under pressure below 1.0900.
Alternative scenario: the upside breakout of 1.0900, would call for 1.0920 and 1.0930.
Comment: the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.0896 and 1.0885).
Supports and resistances:
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