AUD/NZD Price Analysis: Looking bearish after falling back into 1.0700

Share:
  • The AUD/NZD is softening up this week, sifting back into the 1.0700 handle.
  • The Aussie's jumpstart last week failed to materialize any meaningful bullish momentum.

The AUD/NZD has settled back steadily this week, slipping away from last week's late swing high into 1.0750. The Aussie (AUD) is broadly lower on the week, shedding weight against the rest of the major currencies.

The AUD/NZD has spent most of 2023 cycling in rough sideways churn, rotating between boundaries roughly between 1.0950 and 1.0650.

The AUD/NZD has been stuck to the 200-hour Simple Moving Average (SMA) ever since rising into the high side of intraday action last week, but the pair's bullish recovery appears to have been cut short as the Aussie waffles against the Kiwi.

The AUD is down over two and a quarter percent from early November's peak near 1.0940, hitting a swing low within reaching distance of October's bottom bids of 1.0625.

A bullish reversal ran into a hard wall at 1.0750 last Friday, and the pair has steadily deflated ever since, threatening to destabilize back into lows near 1.0660.

Australian Dollar price this week

The table below shows the percentage change of Australian Dollar (AUD) against listed major currencies this week. Australian Dollar was the strongest against the Japanese Yen.

  USD EUR GBP CAD AUD JPY NZD CHF
USD   -0.32% -0.14% 0.02% 0.24% 0.23% -0.22% -0.50%
EUR 0.32%   0.18% 0.32% 0.56% 0.54% 0.10% -0.20%
GBP 0.15% -0.18%   0.15% 0.38% 0.37% -0.08% -0.38%
CAD 0.00% -0.32% -0.15%   0.23% 0.26% -0.22% -0.51%
AUD -0.24% -0.56% -0.39% -0.24%   -0.01% -0.45% -0.76%
JPY -0.22% -0.55% -0.46% -0.21% 0.02%   -0.45% -0.74%
NZD 0.22% -0.10% 0.08% 0.24% 0.46% 0.44%   -0.31%
CHF 0.52% 0.20% 0.37% 0.52% 0.75% 0.74% 0.30%  

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent EUR (base)/JPY (quote).

AUD/NZD Hourly Chart

AUD/NZD Daily Chart

AUD/NZD Technical Levels

AUD/NZD

Overview
Today last price 1.0697
Today Daily Change -0.0025
Today Daily Change % -0.23
Today daily open 1.0722
 
Trends
Daily SMA20 1.0788
Daily SMA50 1.0791
Daily SMA100 1.0809
Daily SMA200 1.08
 
Levels
Previous Daily High 1.0748
Previous Daily Low 1.071
Previous Weekly High 1.0768
Previous Weekly Low 1.066
Previous Monthly High 1.0944
Previous Monthly Low 1.0723
Daily Fibonacci 38.2% 1.0725
Daily Fibonacci 61.8% 1.0734
Daily Pivot Point S1 1.0706
Daily Pivot Point S2 1.0689
Daily Pivot Point S3 1.0668
Daily Pivot Point R1 1.0744
Daily Pivot Point R2 1.0765
Daily Pivot Point R3 1.0782

 

 

Share: Feed news