Both the AUDUSD and the NZDUSD are trading lower and in the process testing key support targets. The video above goes through the techniques of driving the couples. Below are the main technical points explained in the video for each pair.
AUDUSD Technical Analysis:
The AUDUSD retrying key support a swing area on the daily chart between 0.6334 and 0.6363zone that was also confirmed last week.
Time Table Views:
High today short trade above the falling 100-hourly moving average (MA) early in the Asian session but failed to sustain momentum, leading to a circulation of downsides. In order for buyers to regain control, the price must break and hold above the 100-hour MA at 0.6370 and then work its way back above the 200-hour MA drop at 0.6389.
Without that, and the sellers still have strong control, and it is likely that the price will get below the 0.6364 level and a lower probe.
Conclusion and key stages to watch:
- The MA 200-hour it faced strong resistance last Thursday, capping gains and prompting a move lower.
- Failure to move above these levels will keep sellers firmly in control, reinforcing the bearish trend.
NZDUSD Technical Analysis:
The NZDUSD there is a test key low swing rate on the daily schedule:
- 0.57397 (support November 2022)
- 0.5772 (supported October 27, 2023).
The price has stalled between these levels over the past three days, with the current price standing at 0.5757. Movement below 0.57397 it opens the door for further downside momentum.
Time Card Views:
During the Asian session, buyers tried to regain control, pushing the price above the 100-hourly moving average (MA) at 0.5779 and reaches a height of 0.5792. However, the move went down just below the next target at 0.5796and the price went back lower.
Currently, the pair has fallen back below the level MA 100-hour and is testing low friday at 0.5752token sellers are controlled.
Key levels to watch for:
- To move the inclination higher: The price must move up and stay above the 100-hour MA drop at 0.5775. In addition, targets include:
- 0.5796 (next level of resistance)
- Falling 200-hour MA at 0.5806.
- To reinforce the bearish tendency: Movement below 0.57397 open the door for more sales pressure.
Conclusion:
Sellers will remain in control MA 100-hourwith 0.57397 as the next big target down. Buyers need a sustained move above key resistance levels to trigger a trend.
