Aussie holds near 1.0800 as bullish signals persist – Crypto News – Crypto News
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Aussie holds near 1.0800 as bullish signals persist Aussie holds near 1.0800 as bullish signals persist

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Aussie holds near 1.0800 as bullish signals persist – Crypto News

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2 months ago

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  • AUD/NZD trades near the 1.0800 zone after modest gains in Friday’s session.
  • Short-term indicators favor buyers, despite mixed longer-term signals.
  • Key support levels hold below, while resistance aligns near recent highs.

The AUD/NZD pair edged higher on Friday, trading near the 1.0800 zone after the European session, reflecting a steady bullish tone as the market heads into the Asian session. Price action remains within the middle of the day’s range, suggesting that buyers maintain control despite some longer-term resistance levels. The immediate outlook is supported by rising short-term averages, though broader challenges remain.

From a technical perspective, the pair is flashing a bullish overall signal. The Relative Strength Index remains neutral near 55, indicating balanced momentum without immediate overbought conditions. The Moving Average Convergence Divergence confirms the broader uptrend with a buy signal, reinforcing the positive tone. Meanwhile, the Bull Bear Power and Ultimate Oscillator are both neutral, highlighting the absence of extreme momentum in either direction.

The short-term trend structure is supportive of further gains. The 10-day and 20-day Simple Moving Averages, positioned below the current price, both slope upward, providing dynamic support for the ongoing uptrend. However, the longer-term 100-day and 200-day Simple Moving Averages remain above current levels and continue to trend lower, suggesting that broader selling pressure may still limit the upside over the medium term.

Support is located at 1.0837, 1.0825, and 1.0811. Resistance is found at 1.0866, 1.0883, and 1.0925. A break above the immediate resistance zone could confirm a broader breakout, while a move below support might trigger a short-term correction, potentially testing the lower end of the recent range.

Daily Chart

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