AUD/NZD Price Forecast: Aussie sees early Wednesday break higher against Kiwi

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The AUD/NZD has bumped back over 1.0900 after the Kiwi (NZD) tripped and stumbled in early Wednesday market action, trading back down against the Aussie (AUD) and sending the AUD/NZD tipping back into a near-term high around 1.

The AUD/NZD spent most of Tuesday drifting lower before a late-day break buoyed the pair. The Aussie is trading into familiar top endagainst the Kiwi heading into Wednesday's market session. The Kiwi stumbled on an employment data miss, hobbling the NZD's chances to turn bullish. 0930. Aussie intraday declines sent the AUD/NZD back into the 200-hour Simple Moving Average before the pair caught a rebound bid from the moving average.

Technical indicators are also running dry on the high side, with the Relative Strength Index and Moving Average Convergence-Divergence both tipping into overbought territory, though daily candlestick traders will want to wait for a slow-MA MACD crossover to confirm bearish momentum. AUD/NZD Hourly Chart AUD/NZD Daily Chart AUD/NZD Technical Levels AUD/NZD Overview Today last price 1.0917 Today Daily Change 0.0008 Today Daily Change % 0.07 Today daily open 1.0909 Trends Daily SMA20 1.

 

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