AUDNZD TECHNICAL ANALYSIS

Here is an AUDNZD Technical Analysis on the h4 time frame. It is a major currency pair and one of the 21 currency pairs that we cover in our Forex Signals App that is available on both Android and iTunes. You can also view the Forex Signals App video demo.

AUDNZD on the H4 Time Frame

Price is currently trading above the 15 and 30 EMA.

The price is trading in an upward trend.

Price is currently facing some resistance.

Price can rebound at the slanted resistance level.

Additional points on AUDNZD

MACD is green and above the zero-line.

Zero line is also in yellow which shows strong momentum

Conclusion

Price is may react to the slanted resistance level and go down to the 15 EMA before facing any support.

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Have a great trading day ahead!

Ilyas Ismail

Currency Strategist

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