AUD/NZD intraday: as long as 1.0650 is support look for 1.0730

1.0650 is our pivot point.

Our preference: as long as 1.0650 is support look for 1.0730.

Alternative scenario: below 1.0650, expect 1.0620 and 1.0600.

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 price is above its 20 and 50 period moving average (respectively at 1.0666 and 1.0651).

Supports and resistances:

1.0760 **

1.0740 *

1.0730 **

1.0710

1.0671 last

1.0660

1.0650 **

1.0620 *

1.0600 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.

Written on 04-06-2023 at 19:56 UTC+1

Price reference: 1.0671 last known on 04-06-2023 at 19:56 UTC+1

Investment horizon: INTRADAY