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AUD/NZD Technical Analysis: Bulls need to clear 1.0360 horizontal resistance in order to justify their strength

  • AUD/NZD is on bid near 1.0350 during early Monday.
  • In spite of registering gradual recovery since Wednesday, the quote couldn’t surpass 1.0360 horizontal-resistance nearing March 06 low and highs marked during March 08 and 11.
  • However, an upward sloping trend-line connecting Thursday and Friday’s low, at 1.0340, portrays the buyers’ power.
  • Should the quote manage to surpass 1.0360, it can quickly rush through 1.0380 in order to aim for 1.0400 resistance.
  • Also, sustained advances past-1.0400 may help pair to aim for 1.0420 and 1.0435 north-side numbers.
  • On the flipside, pair’s dip beneath 1.0340 support line can recall 1.0320 and 1.03000 levels on the chart whereas 1.0290 could challenge the sellers afterward.
  • In a case prices continue sliding under 1.0290, 61.8% Fibonacci expansion of its moves from March 05 to 14, at 1.0270, can please bears.

AUD/NZD hourly chart

AUD/NZD

Overview:
    Today Last Price: 1.0352
    Today Daily change: 0.0001 pips
    Today Daily change %: 0.01%
    Today Daily Open: 1.0351
Trends:
    Daily SMA20: 1.0393
    Daily SMA50: 1.0473
    Daily SMA100: 1.0542
    Daily SMA200: 1.0722
Levels:
    Previous Daily High: 1.0361
    Previous Daily Low: 1.0325
    Previous Weekly High: 1.0363
    Previous Weekly Low: 1.0293
    Previous Monthly High: 1.0551
    Previous Monthly Low: 1.0362
    Daily Fibonacci 38.2%: 1.0339
    Daily Fibonacci 61.8%: 1.0347
    Daily Pivot Point S1: 1.0331
    Daily Pivot Point S2: 1.031
    Daily Pivot Point S3: 1.0295
    Daily Pivot Point R1: 1.0367
    Daily Pivot Point R2: 1.0382
    Daily Pivot Point R3: 1.0402

 

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