- The Aud/NZD is observed by quoting near the area of 1,0840, recovering slightly after previous losses
- The torque maintains a strong bearish perspective, quoting below all the main mobile socks
- Impulse indicators suggest a continuation downward, although the RSI indicates that it is close to overall conditions
The Aud/NZD torque continues to reflect bearish dynamics in Monday’s session, with the price action around the 1,0800 region. In spite of a modest rebound, the broader technical structure continues to inclined down.
The pair is firmly limited by all the main mobile socks – both simple as exponential – from short to long periods. Notably, the 10 -day EMA in 1,08495, the 50 -day EMA in 1,09701 and the 100 -day SMA in 1,10280 all point south, while the 200 -day SMA in 1,10080 reinforces the long -term bassist bias. The price has failed to break over any of these key averages, confirming a sustained low pressure.
Impulse indicators are aligned with the bearish theme. The MACD continues to print red bars, while the impulse oscillator in −0.02370 also suggests a weak purchase interest. Meanwhile, the RSI stands at 33.10, approaching the over -sales territory, which can slow down the rhythm of losses, but still does not support a reversal.
The support is observed in 1,0800 and 1,0765, with deeper losses looking towards the 1.0720 area. Resistance levels are stacked in 1,0850, 1,0900 and 1,0970 (50 -day EMA). For now, the technical panorama favors vendors while the pair remains pressed below these mobile socks.
Daily graph
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
