AUD/NZD intraday: as long as 1.1110 is support look for 1.1160
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Our pivot point stands at 1.1110.
Our preference: as long as 1.1110 is support look for 1.1160.
Alternative scenario: the downside breakout of 1.1110 would call for 1.1090 and 1.1080.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is trading under its 20 period moving average (1.1123) but above its 50 period moving average (1.1113).
Supports and resistances:
1.1180 **
1.1170 *
1.1160 **
1.1150
1.1122 last
1.1110
1.1110 **
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