- AUD/NZD was seen around the upper end of its daily range on Friday.
- The pair holds a rapid approach supported by short -term trend signals.
- Technical indicators show mixed bias, the resistance seen above and the long -term average is still putting pressure.
AUD/NZD is displaying forward speed in Friday session, trade near the top of its daily range and is not far from 1.0800 zones. The pair have attained the day, while expanding its rapid push, while short -term indicators strengthen this approach. A purchase from MACD confirms the bias that helped with support from the signal and a short -term moving average, although some indicators such as RSI and stochastic remain neutral. Traders should keep in mind that long -term SMAs show negative risk.
AUD/NZD maintains a rapid tone as the price action is more. Moving Average Convergence Division (MACD) has become positive, suggesting that the speed in favor of buyers is changing. Meanwhile, both the 10-day exponential moving average and 10-day simple moving averages aligning below the current prices, both have changed the accessories. The 20-day SMA also accelerates, which helps maintain short-term upside down speeds.
However, the relative power index (RSI) hovers near the neutral 50 marks, while the bull bears’ power and stochastic oscillator also offer limited directional bias. This mixed signal set may keep some traders alert. In particular, 100-day and 200-day SMAs are located above the current price levels, indicating that there are wide trends yet to confirm the recent strength.
Immediate resistance is located at 1.0874, followed by strong areas at 1.0908 and 1.0936. On the negative side, the initial support is found at 1.0842, the latter level 1.0833 and 1.0830. A break over the resistance would indicate the continuity of the rapid tendency, but the failure to clean those areas may invite short -term pullbacks.
Daily chart
