AUDUSD Analysis: Under Pressure Below 0.65250 Level
- AUDUSD, after struggling to hold above the 0.64900 level, managed to move up to the 0.65250 level on Friday.
- On Friday, the AUDNZD rises to the 1.07000 level.
AUDUSD chart analysis
AUDUSD, after struggling to hold above the 0.64900 level, managed to move up to the 0.65250 level on Friday. With that move, he managed to get out of the uncomfortable zone. During this morning’s Asian trading session, AUDUSD again came under bearish pressure, and we are once again leaning towards the previous support zone. The EMA200 creates additional pressure at the 0.65250 level.
This could trigger a negative consolidation and take the pair down to the 0.65000 level. Potential lower targets are 0.64900 and 0.64800 levels. If we manage to get back above 0.65300 and EMA200, it could trigger a new bullish consolidation and continued recovery. Potential higher targets are 0.65400 and 0.65500 levels.
AUDNZD chart analysis
On Friday, the AUDNZD rises to the 1.07000 level. During the previous Asian trading session, the pair moved in the 1.06850-1.07000 range. We are currently in the middle of that channel, facing the upper level. It could happen that in the US session, he saw a new bullish impulse, a breakthrough above and the formation of a new high. Potential higher targets are 1.07100 and 1.07200 levels.
AUDNZD would have to pull back below the 1.06800 support level for a bearish option. With this, we form a new daily low and turn to the bearish side. Potential lower targets are 1.06700 and 1.06600 levels. Additional support is the EMA200 moving average in the zone around 1.06500 levels.
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