AUDNZD Chart Technical Outlook

AUDNZD Chart Technical Outlook maintains the negative trend intact while below 1.0725

The Australian Dollar has printed a series of higher lows and higher highs over the last few days, which suggests that the down leg from mid-September highs might have lost steam.

From a wider, perspective, however, the pair remains trading below the downtrend resistance line, now at 1.0690 area, with the Doji-style candles on the daily chart revealing indecision.

The pair should breach the mentioned trendline and the 1.0725 level to confirm the completion of the bearish trend and set its focus at 1.0780.

On the downside, supports are at 1.0590 and 1.0530.

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