AUD/NZD Price Analysis: Aussie holds near 1.0900 as bullish momentum persists

Source Fxstreet
  • AUD/NZD trades near the 1.0900 zone after modest gains in Monday’s session.
  • Short-term indicators support the bullish bias despite mixed longer-term signals.
  • Key support levels hold below, while resistance aligns near recent highs.

The AUD/NZD pair edged higher on Monday, trading near the 1.0900 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 its daily 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 sits in the 50s, 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 remains near neutral, reflecting stable short-term conditions, while both the Stochastic %K and Williams Percent Range also indicate neutral momentum, suggesting the pair is not yet overextended.

Short-term trend indicators align with the bullish sentiment. The 10-day Exponential and Simple Moving Averages, both positioned near current price levels, are trending higher and provide immediate dynamic support. The 20-day Simple Moving Average also supports the bullish outlook, further reinforcing the broader uptrend. However, the longer-term 100-day and 200-day Simple Moving Averages remain above current levels, suggesting that broader selling pressure may still cap gains in the medium term.

Support is located at 1.0867, 1.0854, and 1.0828. Resistance is found at 1.0879, 1.0925, and 1.0947. 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

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Natural Gas sinks to pivotal level as China’s demand slumpsNatural Gas price (XNG/USD) edges lower and sinks to $2.56 on Monday, extending its losing streak for the fifth day in a row. The move comes on the back of China cutting its Liquified Natural Gas (LNG) imports after prices rose above $3.0 in June. It
Author  FXStreet
Jul 01, 2024
Natural Gas price (XNG/USD) edges lower and sinks to $2.56 on Monday, extending its losing streak for the fifth day in a row. The move comes on the back of China cutting its Liquified Natural Gas (LNG) imports after prices rose above $3.0 in June. It
placeholder
Ethereum (ETH) Underperforms All Top 5 Major Cryptos in Brutal 2025 DowntrendDespite signs of improving momentum, with RSI climbing and EMA lines hinting at a potential breakout, ETH continues to lag behind competitors like Solana in multiple metrics.
Author  Beincrypto
Apr 23, Wed
Despite signs of improving momentum, with RSI climbing and EMA lines hinting at a potential breakout, ETH continues to lag behind competitors like Solana in multiple metrics.
placeholder
Analysts Highlight 4 Reasons Why ETH Price Could Rebound Strongly in MayEthereum (ETH) has declined for five consecutive months. However, it enters May with rising optimism.
Author  Beincrypto
May 07, Wed
Ethereum (ETH) has declined for five consecutive months. However, it enters May with rising optimism.
placeholder
Ethereum Price Ready to Surge—$2,000 Level Could Be Within ReachEthereum price started a fresh increase above the $1,800 zone. ETH is now rising and attempting a move above the $1,850 resistance. Ethereum started a fresh recovery wave above the $1,820 resistance.
Author  NewsBTC
May 08, Thu
Ethereum price started a fresh increase above the $1,800 zone. ETH is now rising and attempting a move above the $1,850 resistance. Ethereum started a fresh recovery wave above the $1,820 resistance.
placeholder
Bitcoin Weekly Forecast: The calm before the stormBitcoin (BTC) price remains steady above a key support level, trading slightly above $106,000 at the time of writing on Friday.
Author  FXStreet
Jun 20, Fri
Bitcoin (BTC) price remains steady above a key support level, trading slightly above $106,000 at the time of writing on Friday.
Related Instrument
goTop
quote