- AUD/NZD was seen around 1.0800 zones after Tuesday's post-European session retreat.
- The prejudices of the bears are strengthened by the long -term average pressure -oriented pressure.
- The key support sits slightly below, while resistance is defined by grouped short -term movements.
AUD/NZD pair at the edge on Tuesday, traded near the 1.0800 zone after a steady decline in the European session. The price activity was limited within the day range, but the negative drift emphasizes the underlying tone when the couple approaches the Asian session. Despite some of the mixed pulse signals, the dominant emphasis seems to come from broader trends.
Technically, the AUD/NZD general signal. The relative strength index remains neutral near 49, while the moving average approach prints a soft shopping signal – which indicates that the impulse stabilizes but not reversal. An awesome oscillator is also neutral, but the average direction index tends to a jantry group, pointing to an active decline that may continue in the short term.
The wider structure supports the carava view. A 30-day exponential and simple moving medium-both-reasonable price above the price above the price. Like the 100-day and 200-day simple average average current levels and tend to be downward. If the 20-day SMA offers only the support under the area, this alignment with a longer-term trend is lacking.
The support is found at 1.0797, 1,0791 and 1.0777. The resistance level is at 1,0819, 1.0822 and 1.0842. A continuous pause below the support may accelerate negative pressure, while each hell would be likely to correspond to the rigid endurance near the short -term average of the loved ones.
Daily chart
