AUD/NZD intraday: the downside prevails as long as 1.0790 is resistance
Our preference: the downside prevails as long as 1.0790 is resistance.
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Our preference: the downside prevails as long as 1.0790 is resistance.
Alternative scenario: the upside breakout of 6.8852 would call for 6.9056 and 6.9178.
The MACD is above its signal line and positive.
Alternative scenario: the upside breakout of 1.7567 would call for 1.7629 and 1.7666.
Short positions below 101.4000 with targets at 100.7000 & 100.5000 in extension.
Short positions below 1.3425 with targets at 1.3350 & 1.3335 in extension.
Short positions below 0.8950 with targets at 0.8850 & 0.8800 in extension.
Long positions above 1.2470 with targets at 1.2540 & 1.2570 in extension.
Short positions below 132.95 with targets at 131.80 & 131.50 in extension.
Long positions above 1.1005 with targets at 1.1080 & 1.1110 in extension.
Long positions above 0.6720 with targets at 0.6780 & 0.6795 in extension.

Markets love round numbers! They act as important psychological markers and can prompt strong reacti...