AUDUSD and AUDNZD: AUDNZD at new high above 1.1000

AUDUSD chart analysis

During the Asian trading session, AUDUSD rose to the 0.65867 level, forming a new two-week high there. After that, the pair makes a short pullback, gaining support at the 0.65500 level. From there, we see the initiation of bullish consolidation and expect growth to the bullish side with the aim of growth to a new weekly high.

Potential higher targets at 0.65800 and 0.6600 levels. We need a negative consolidation and pullback below the 0.65500 level for a bearish option. This gives us bearish confirmation of a new daily low, and AUDUSD should continue its retreat. Potential lower targets are 0.65400 and 0.64200 levels. EMA200 moving average, potential higher support is at 0.65000 level.

AUDNZD chart analysis

During this morning’s Asian session, the AUDNZD jumped to the 1.10126 level, forming a new six-month high there. After that, we stop there and start pulling back to support at the 1.09900 level.

Here, we meet the EMA50 market average and are holding above it for now. Today’s picture remains bearish, and we will descend to a new daily low with the new negative impulse.

This confirms the pressure on the Australian dollar; the potential lower targets are 1.09800 and 1.09700. AUDNZD would have to move back above the 1.10000 level for a bullish option.

With that step, we are getting closer to this morning’s high and will test it. New momentum would move us above and confirm our bullish consolidation. Potential higher targets are 1.10100 and 1.10200 levels.

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