AUD/NZD may fall to 1.0600 - 1.0670

Our pivot point is at 1.0920.

Our preference

The downside prevails as long as 1.0920 is resistance.

Alternative scenario

The upside breakout of 1.0920, would call for 1.1030 and 1.1100.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.0929 and 1.0917).

Supports and resistances

1.1100 **

1.1030 *

1.0920 **

1.0870

1.0809 last

1.0670

1.0600 **

1.0540 *

1.0470 **

Number of asterisks represents the strength of support and resistance levels.