We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Mixed
Oil - US Crude
Bearish
Wall Street
Mixed
Gold
Mixed
GBP/USD
Bullish
USD/JPY
Mixed
More View more
Real Time News
  • 🇳🇿 Building Permits MoM Actual: -6.5% Previous: -21.3% https://www.dailyfx.com/economic-calendar#2020-06-01
  • Heads Up:🇰🇷 GDP Growth Rate YoY Final due at 23:00 GMT (15min) Previous: 2.3% https://www.dailyfx.com/economic-calendar#2020-06-01
  • Heads Up:🇰🇷 GDP Growth Rate QoQ Final due at 23:00 GMT (15min) Previous: 1.3% https://www.dailyfx.com/economic-calendar#2020-06-01
  • Heads Up:🇰🇷 Inflation Rate YoY due at 23:00 GMT (15min) Expected: -0.2% Previous: 0.1% https://www.dailyfx.com/economic-calendar#2020-06-01
  • Heads Up:🇳🇿 Building Permits MoM due at 22:45 GMT (15min) Previous: -21.3% https://www.dailyfx.com/economic-calendar#2020-06-01
  • #Gold prices have rallied by as much as 3% from the Wednesday low up to this morning’s high, and price action is tip-toeing up to that $1750 psychological level that’s proven so difficult to break. Get your $XAUUSD technical analysis from @JStanleyFX here:https://t.co/MIbZgve7Pi https://t.co/ml6G1N0b7V
  • RT @realDonaldTrump: I will be delivering brief remarks from the Rose Garden at 6:30 P.M. Eastern to update on the Federal Response.
  • US Dollar weakness continues as selling pressure sustained over the last five trading sessions steers the DXY Index 2% lower. Get your $USD currency pairs market update from @RichDvorakFX here:https://t.co/LLlcezQmXK https://t.co/ln5dqmkCPr
  • The Canadian Dollar rally has taken USD/CAD into a key near-term support zone and we’re looking for a reaction down here today. Get your $USDCAD technical analysis from @MBForex here: https://t.co/xfYtytf4wF https://t.co/qfWjha3h37
  • Gold Price Outlook: Gold Goes Overbought, Finds Fibonacci Resistance https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/daily_fundamentals/2020/06/01/Gold-Price-Outlook-Gold-Goes-Overbought-JS-Finds-Fibonacci-Resistance.html https://t.co/dDQOzcMPxc
AUDNZD Testing Trend Support, Again

AUDNZD Testing Trend Support, Again

2015-02-02 19:40:00
Paul Robinson, Strategist
Share:

Talking Points:

  • AUDNZD testing trend-line support, again
  • A break below 10650 should usher in more selling…
  • If a break occurs, looking for a move back towards 10400

Last week, I highlighted the rising trend-line support in AUDNZD, citing that it should be trusted until broken, however; that trust is beginning to wear thin. I will be looking for a break on the 4-hr chart below 10650 before taking entry. The RBA is set to announce a rate decision Tuesday at 3:30 GMT; this could certainly be the catalyst which determines the fate of the multi-week trend-line.

AUDNZD: 4-hr: Dec '14 - Present

AUDNZD

--- Written by Paul Robinson, DailyFX Research

To contact Paul, you can email him at instructor@dailyfx.com

https://www.youtube.com/watch?v=dKUy-tfrIHY

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.