AUDNZD near resistance zone

29 December 2020

AUDNZD has been trading in small body candlestick formation since the past few trading sessions near the horizontal resistance line suggesting resistance at higher level. RSI has flattened out since mid-December and just starting the decline indicating the pair could decline in the coming sessions. It would be prudent to say that the currency pair could decline towards 1.0650 and 1.0600 if it sustains below 1.0720.

Prepared by
Technical Analysis Team

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