FX.co ★ zgrady | AUD/NZD

In the AUDNZD pair, the price continues to stay within a trading range of only about 100 pips. It seems that there is no intention to break downwards, so from the current levels or slightly lower, one can expect a resumption of growth with the main target near 1.0900. An upward breakout from the current range looks quite realistic, but it will only be confirmed in hindsight. If buyers manage to firmly establish above 1.0915, then a path to more distant and significant targets will open up for them, closer to 1.1025. Perhaps, this scenario appears more probable and feasible at the moment. In the event that sellers manage to secure below 1.0815, the decline could continue towards 1.0775. Well, if the price goes even lower, then buying positions are canceled, as AUDNZD could be pulled down to 1.0650.