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AUDNZD Technical Analysis (2-6 February,2015) | January 31, 2015

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AUDNZD is following a upward channel. Above the channel, this pair will remain its upward rally. If it break this channel, then it can start falling. 1.0660 is acting as near-term support for this pair. If it break this support, then we can take sell entry and target will be 1.0575 area. If this pair hold this support, then it can start bullish rally and target will be 1.0800 area.

In Technical Indicators view

In daily chart, MACD indicator is staying on 0.0 level. So this indicates neutral bias in this pair.

In daily chart RSI indicator value is 50 which also indicates neutral for this pair.

200 and 100 Moving averages indicates bullish momentum in this pair.

In Summary, we can stay on upside above 1.0660 support area.

Weekly Pivot, Support and Resistance

Resistance Two (R2): 1.0901

Resistance One (R1): 1.0797

Pivot Point: 1.0688

Support One (S1): 1.0584

Support Two (S2): 1.0475

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