The AUD/NZD is falling back after peaking on Wednesday. Antipodean cross pair is cycling familiar territory as bulls refuse to go down. AUD losing upside momentum could signal another turn towards the downside. The Aussie has seen a firm recovery since bottoming out in early October near 1.0625, but bullish momentum appears to be draining out of the charts quickly as intraday action begins to print exhaustion patterns.
The median point for price action currently sits near 1.0825 where the 50-day and 200-day Simple Moving Averages are currently converging as long-term momentum drifts into the middle. AUD/NZD Hourly Chart AUD/NZD Daily Chart AUD/NZD Technical Levels AUD/NZD Overview Today last price 1.0906 Today Daily Change -0.0032 Today Daily Change % -0.29 Today daily open 1.0938 Trends Daily SMA20 1.0784 Daily SMA50 1.0809 Daily SMA100 1.0825 Daily SMA200 1.082 Levels Previous Daily High 1.
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Source: FXStreetNews - 🏆 14. / 72 Read more »