AUD/NZD Price Analysis: bullish extension fails to capture 1.0950, at risk of further downside

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The AUD/NZD has rebounded back over the 1.0900 handle, and heads into the Thursday market session trading around 1.

The AUD/NZD is trading into the top side heading into Thursday. The Kiwi has been lagging as economic data continues to miss the mark. The Aussie is stepping even deeper into overbought territory. 0930, testing into four-month highs. The trick for AUD bulls will be to keep the Aussie propped up, though the pair is getting plenty of support after a slew of economic data misses for the Kiwi this week.

A bearish reversal will see the pair falling back to P0 and the 200-hour SMA, with an extended decline coming up against S1 for the week at 1.0850. AUD/NZD Hourly Chart AUD/NZD Daily Chart AUD/NZD Technical Levels AUD/NZD Overview Today last price 1.0932 Today Daily Change 0.0053 Today Daily Change % 0.49 Today daily open 1.0879 Trends Daily SMA20 1.0772 Daily SMA50 1.0807 Daily SMA100 1.0825 Daily SMA200 1.082 Levels Previous Daily High 1.0914 Previous Daily Low 1.0878 Previous Weekly High 1.

 

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