- During the Asian session this morning, AUDUSD rose to 0.67230
- On Friday, October 18, AUDNZD rose to 1.10764, a new weekly high
AUDUSD Chart Analysis
During the Asian session this morning, AUDUSD rose to 0.67230. The pair reached the 200 EMA at that level, which did not allow us to continue on the bullish side. AUDUSD starts from there with a bearish consolidation to the daily low at 0.66820 level. We will see a new pullback to a new low if we do not stabilize and stop soon.
The lowest possible targets are the 0.66700 and 0.66600 levels. For a bullish option, the pair must stop the current bearish consolidation. A pullback above 0.67000 will get support from the 50 EMA. After that, we expect a move above the daily opening level to the positive side. The highest possible targets are the 0.67100 and 0.67200 levels. If we want to see further growth, we will have to break the 200 EMA in the 0.67200 area.
AUDNZD Chart Analysis
On Friday, October 18, AUDNZD rose to 1.10764, a new weekly high. We quickly found resistance at that level and the pair began to pull back later in the day. During the Asian session this morning, the decline towards the bearish side continued towards the 1.10300 level. After a short consolidation, we get the necessary support at that level and grow to 1.10450. Here we meet the 50 EMA moving average and expect its support in the continuation of the recovery.
The highest possible targets are the 1.10500 and 1.10600 levels. For a bearish option, we need a negative consolidation and a pullback of AUDNZD below 1.10300 and the 200 EMA. That step increases bearish pressure on the pair to continue its pullback to a new daily low. The lowest possible targets are the 1.10200 and 1.10100 levels.
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