AUD/NZD intraday: above its upper Bollinger band
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Our pivot point stands at 1.1110.
Our preference: the upside prevails as long as 1.1110 is support.
Alternative scenario: the downside breakout of 1.1110 would call for 1.1090 and 1.1080.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.1110 and 1.1097). Finally, the AUD/NZD has crossed above its upper Bollinger band (1.1127).
Supports and resistances:
1.1180 **
1.1170 *
1.1160 **
1.1150
1.1130 last
1.1110
1.1110 **
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