Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
Cancel Confirm
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Confirm
Octa trading broker Sign up Log in
Octa trading broker
Open trading account
Trading news
Back
28 Nov 2023

AUD/NZD Price Analysis: Aussie rising into technical resistance directly above 1.0840

  • The AUD/NZD pair continues to grind into heavy congestion, trapped near long-term midranges.
  • Intraday action on the AUD/NZD is leaning towards the downside as the pair sees a mild bearish drift.
  • The 200-day SMA is proving too strong a magnet for the AUD/NZD to pull away from.

The AUD/NZD is up for the week after climbing a scant one-tenth of a percent on Monday, but bullish momentum remains constrained on the hourly chart by the 200-hour Simple Moving Average (SMA) and a lower-highs pattern on the intraday charts from last week's peak at 1.0887.

The Aussie (AUD) tipped into a fresh low near 1.0820 against the Kiwi (NZD) late last Friday, and Monday's action saw the pair clawing back losses, but topside momentum remains limited. The pair is catching technical support from the 200-day SMA drifting towards 1.0800, with the 50-day SMA drifting lower in tandem with the longer moving average. 

Near-term directional momentum has fully evaporated out of the pair as technical indicators drift into their midranges. The Relative Strength Index (RSI) is flatlining near the 50.0 level, and the Moving Average Convergence-Divergence (MACD) is seeing the fast and slow moving averages waffle into the middle histogram.

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 US Dollar.

  USD EUR GBP CAD AUD JPY NZD CHF
USD   -0.14% -0.24% -0.12% -0.39% -0.67% -0.32% -0.23%
EUR 0.15%   -0.09% 0.03% -0.22% -0.51% -0.17% -0.09%
GBP 0.24% 0.10%   0.09% -0.15% -0.45% -0.10% -0.01%
CAD 0.12% -0.02% -0.12%   -0.25% -0.56% -0.20% -0.11%
AUD 0.38% 0.24% 0.13% 0.26%   -0.30% 0.06% 0.15%
JPY 0.66% 0.52% 0.36% 0.54% 0.29%   0.34% 0.43%
NZD 0.32% 0.18% 0.08% 0.22% -0.05% -0.35%   0.10%
CHF 0.24% 0.10% 0.00% 0.12% -0.13% -0.43% -0.08%  

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

 

Nov 28, 2023

AUD/USD holds above the 0.6600 mark ahead of the Australian Retail Sales data

The AUD/USD pair extends the rally above the 0.6600 psychological level during the early Asian session on Tuesday.
Read more Previous
Nov 28, 2023

NZD/USD Price Analysis: Sits above the 200-DMA, eyeing 0.6100

NZD/USD extended its gains to three straight trading days, hitting a three-and-a-half-month high of 0.6107 on Monday.
Read more Next