- AUD/NZD trades close to 1.0800 zone after moderately acquired in Thursday session.
- Short-term indicators support bullish bias, despite mixed long-term signals.
- Immediate support holds below, as the resistance is aligned near the recent highs.
The AUD/NZD pair climbed higher on Thursday, trading near 1.0800 area after the European session, reflecting a steady bullish tone as the market approaching the Asian session. The pair remains close to the top of its daily range, suggesting that consumers maintain control despite some mixed signals from longer averages. Short-term momentum appears to be supportive, with a pair that finds constant demand on the dips.
Technical, AUD/NZD flashes a bullish signal in general. The Kamag -child index remains neutral near 53, indicating balanced momentum without immediate overbought pressure. Moving the average scene of the convergence supports the current uprising with the confirmed purchase signal, while the stochastic RSI is rapidly and the channel's index of the channel remains neutral, reflecting a solid upward trajectory without immediate fatigue.
The shorter-term transition of averages also strengthens a positive outlook. The 10-day exponential and simple transfer of averages, both positioned near the current price levels, are trending higher and provides immediate dynamic support. The 20-day simple transfer of the average is just below, further supporting the bullish case. However, the longer 100-day and 200-day simple transfer of the averages will remain fixed above, suggesting that the broader pressure sales can still be cap of those obtained in medium term.
Support levels are mentioned in 1.0836, 1.0823, and 1.0815. The resistance stands at 1.0867, 1.0888, and 1.0927. A rest above the immediate resistance zone can confirm a wider breakout, while a drop below the support can trigger a short-term correction.
Sunny chart
