AUD/NZD intraday: the upside prevails as long as 1

AUD/NZD intraday: the upside prevails as long as 1.0750 is support

AUDNZD

Trading Central 2021-02-20 04:46:05

Our pivot point stands at 1.0750.

Our preference: the upside prevails as long as 1.0750 is support.

Alternative scenario: below 1.0750, expect 1.0720 and 1.0710.

Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.0777 and 1.0772).

Supports and resistances:

1.0870 **

1.0850 *

1.0830 **

1.0820

1.0779 last

1.0760

1.0750 **

Disclaimer

The trading strategy containing reference trading prices and analysis opinions is provided by the third-party provider Trading Central.And the trading strategy is only the personal research and judgment by analysts,which is not a statement of facts.No representation or warranty is given as to the accuracy or completeness of this strategy. Consequently any person acting on it does so entirely at their own risk. TOP1 accepts no responsibility for any use that may be made of these comments and for any consequences that result.