Market news
09.12.2021, 21:05

AUD/NZD Price Analysis: Bulls eye the 1.06 area

  • AUD/NZD bulls look to the 1.06 area should support holds. 
  • Hourly support keeps the bears off and bulls charged for the days ahead.

As per the prior analysis, AUD/NZD Price Analysis: Bulls are taking on the 1.05's, the pair has extended higher in an inverse head and shoulders breakout.

AUD/NZD prior analysis

AUD/NZD update

As illustrated, the price filled the wick of the prior daily candlestick and moved into resistance.

AUD/NZD C1 chart

The price is consolidating at this juncture and awaits the next catalyst for direction. Should the support hold, then the bulls will be looking to the 1.06 in the coming week:

© 2000-2024. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location