ThinkForex - Analytics

    ThinkForex

    459.75 5.25/10
    80% of positive reviews
    Real

    AUDNZD gaps down before RBA Cash Rate decision

    To follow up from previous analysis we suspect we have seen a bearish confirmation for a triangle / pennant pattern as we approach the RBA rate decision and election results. 

     

    Resistance 3:   1.0576 09/06 high, lower bound of gap
    Resistance 2:   1.0526 24/06 high, monthly pivot, 20 eMA
    Resistance 1:   1.0450 Pivotal S/R
    AUDNZD:   1.0436  
    Support 1:   1.0345 Pivotal S/R
    Support 2:   1.0322 Monthly S1, Weekly S2
    Support 3:   1.0222 Pivotal S/R

    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree