- AUD/NZD Price Analysis: Bulls eye the 1.06 area
Market news
9 December 2021
AUD/NZD Price Analysis: Bulls eye the 1.06 area
- AUD/NZD bulls look to the 1.06 area should support holds.
- Hourly support keeps the bears off and bulls charged for the days ahead.
As per the prior analysis, AUD/NZD Price Analysis: Bulls are taking on the 1.05's, the pair has extended higher in an inverse head and shoulders breakout.
AUD/NZD prior analysis
AUD/NZD update
As illustrated, the price filled the wick of the prior daily candlestick and moved into resistance.
AUD/NZD C1 chart
The price is consolidating at this juncture and awaits the next catalyst for direction. Should the support hold, then the bulls will be looking to the 1.06 in the coming week:
Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerOpen Demo Account & Personal Page