AUD/NZD – Currency exchange rate forecast 03.07.2019: the upside prevails as long as 1.0480 is support

AUD/NZD - Currency exchange rate forecast 03.07.2019: the upside prevails as long as 1.0480 is support

Alternative scenario: below 1.0480, expect 1.0470 and 1.0460.

1.0480 is our pivot point.

Our preference: the upside prevails as long as 1.0480 is support.

Alternative scenario: the downside breakout of 1.0480 would call for 1.0470 and 1.0460.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 1.0489 and 1.0480).

Supports and resistances:

1.0540 **

1.0530 *

1.0520 **

1.0510

1.0497 last

1.0490

1.0480 **

1.0470 *

1.0460 **

AUD/NZD – Currency exchange rate forecast 01.07.2019: rebound towards 1.0460

AUD/NZD - Currency exchange rate forecast 01.07.2019: rebound towards 1.0460

The configuration is mixed.

Our pivot point stands at 1.0420.

Our preference: rebound towards 1.0460.

Alternative scenario: the downside breakout of 1.0420 would call for 1.0410 and 1.0400.

Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 1.0437 and 1.0443).

Supports and resistances:

1.0480 **

1.0470 *

1.0460 **

1.0450

1.0435 last

1.0430

1.0420 **

1.0410 *

1.0400 **

AUD/NZD – Currency exchange rate forecast 28.06.2019: rebound towards 1.0480

AUD/NZD - Currency exchange rate forecast 28.06.2019: rebound towards 1.0480

The configuration is mixed.

Our pivot point is at 1.0440.

Our preference: rebound towards 1.0480.

Alternative scenario: the downside breakout of 1.0440 would call for 1.0420 and 1.0410.

Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the pair stands above its 20 MA (1.0446) but below its 50 MA (1.0453).

Supports and resistances:

1.0490 **

1.0490 *

1.0480 **

1.0470

1.0449 last

1.0440

1.0440 **

1.0420 *

1.0410 **

AUD/NZD – Currency exchange rate forecast 19.06.2019: the downside prevails as long as 1.0530 is resistance

AUD/NZD - Currency exchange rate forecast 19.06.2019: the downside prevails as long as 1.0530 is resistance

Alternative scenario: the upside breakout of 1.0530 would call for 1.0550 and 1.0560.

Our pivot point is at 1.0530.

Our preference: the downside prevails as long as 1.0530 is resistance.

Alternative scenario: the upside breakout of 1.0530, would call for 1.0550 and 1.0560.

Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 1.0528 and 1.0530).

Supports and resistances:

1.0560 **

1.0550 *

1.0530 **

1.0530

1.0524 last

1.0500

1.0500 **

1.0490 *

1.0480 **

AUD/NZD – Currency exchange rate forecast 17.06.2019: rebound towards 1.0580

AUD/NZD - Currency exchange rate forecast 17.06.2019: rebound towards 1.0580

Our preference: rebound towards 1.0580.

Our pivot point is at 1.0540.

Our preference: rebound towards 1.0580.

Alternative scenario: below 1.0540, expect 1.0520 and 1.0520.

Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the pair is trading above its 20 MA (1.0552) but under its 50 MA (1.0565).

Supports and resistances:

1.0590 **

1.0590 *

1.0580 **

1.0570

1.0552 last

1.0540

1.0540 **

1.0520 *

1.0520 **

AUD/NZD – Currency exchange rate forecast 11.06.2019: as long as 1.0560 is support look for 1.0600

AUD/NZD - Currency exchange rate forecast 11.06.2019: as long as 1.0560 is support look for 1.0600

The MACD is below its signal line and positive.

1.0560 is our pivot point.

Our preference: as long as 1.0560 is support look for 1.0600.

Alternative scenario: below 1.0560, expect 1.0550 and 1.0540.

Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is above its 20 and 50 MAs (respectively at 1.0570 and 1.0553).

Supports and resistances:

1.0620 **

1.0610 *

1.0600 **

1.0590

1.0573 last

1.0570

1.0560 **

1.0550 *

1.0540 **

AUD/NZD – Currency exchange rate forecast 06.06.2019: the upside prevails as long as 1.0520 is support

AUD/NZD - Currency exchange rate forecast 06.06.2019: the upside prevails as long as 1.0520 is support

Alternative scenario: the downside breakout of 1.0520 would call for 1.0510 and 1.0500.

Our pivot point is at 1.0520.

Our preference: the upside prevails as long as 1.0520 is support.

Alternative scenario: below 1.0520, expect 1.0510 and 1.0500.

Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is above its 20 and 50 MAs (respectively at 1.0521 and 1.0524).

Supports and resistances:

1.0570 **

1.0570 *

1.0560 **

1.0550

1.0531 last

1.0530

1.0520 **

1.0510 *

1.0500 **

AUD/NZD – Currency exchange rate forecast 05.06.2019: the RSI is oversold

AUD/NZD - Currency exchange rate forecast 05.06.2019: the RSI is oversold

Alternative scenario: the upside breakout of 1.0550 would call for 1.0570 and 1.0580.

Our pivot point is at 1.0550.

Our preference: the downside prevails as long as 1.0550 is resistance.

Alternative scenario: above 1.0550, look for 1.0570 and 1.0580.

Comment: the RSI is trading below 30. This could mean that either the pair is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 1.0565 and 1.0578).

Supports and resistances:

1.0580 **

1.0570 *

1.0550 **

1.0550

1.0536 last

1.0520

1.0510 **

1.0500 *

1.0490 **

AUD/NZD – Currency exchange rate forecast 25.05.2019: above its upper Bollinger band

AUD/NZD - Currency exchange rate forecast 25.05.2019: above its upper Bollinger band

Alternative scenario: below 1.0560, expect 1.0550 and 1.0540.

Our pivot point stands at 1.0560.

Our preference: the upside prevails as long as 1.0560 is support.

Alternative scenario: the downside breakout of 1.0560 would call for 1.0550 and 1.0540.

Comment: the RSI is trading above 70. This could mean that either the pair is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is above its 20 and 50 MAs (respectively at 1.0562 and 1.0568). Finally, the AUD/NZD is trading above its upper Bollinger band (standing at 1.0576).

Supports and resistances:

1.0620 **

1.0610 *

1.0610 **

1.0600

1.0579 last

1.0570

1.0560 **

1.0550 *

1.0540 **

AUD/NZD – Currency exchange rate forecast 11.05.2019: the upside prevails as long as 1.0600 is support

AUD/NZD - Currency exchange rate forecast 11.05.2019: the upside prevails as long as 1.0600 is support

The configuration is positive.

Our pivot point is at 1.0600.

Our preference: the upside prevails as long as 1.0600 is support.

Alternative scenario: the downside breakout of 1.0600 would call for 1.0580 and 1.0570.

Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 1.0604 and 1.0606).

Supports and resistances:

1.0650 **

1.0640 *

1.0640 **

1.0630

1.0609 last

1.0600

1.0600 **

1.0580 *

1.0570 **