AUD/NZD intraday: below its lower Bollinger band

AUDNZD

Trading Central 2021-02-23 18:16:06

1.0820 is our pivot point.

Our preference: the downside prevails as long as 1.0820 is resistance.

Alternative scenario: above 1.0820, look for 1.0850 and 1.0860.

Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.0814 and 1.0801). Finally, the AUD/NZD is trading below its lower Bollinger band (standing at 1.0796).

Supports and resistances:

1.0860 **

1.0850 *

1.0820 **

1.0810

1.0795 last

1.0750

1.0740 **

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