AUD/NZD stuck in neutral post bull-run

FXStreet (Guatemala) - AUD/NZD is trading at 1.0807, down -0.02% on the day, having posted a daily high at 1.0824 and low at 1.0806.

AUD/NZD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index also is neutral. The pair has run out of steam for the time being post yesterday’s surprise HSBC PMI’s reading for China that took the Aussie higher across the board.

AUD/NZD daily chart also neutral

Looking to a daily chart, we see that RSI is neutral at 40.97. The 200 SMA is currently at 1.0799, down from 1.0823 at the last period close, and declining on the hourly AUD/NZD chart. Moving with a downward trend, the exponential average closing price is 1.0862.

AUD/NZD Levels

Spot is presently trading at 1.0811, and next resistance can be seen at 1.0813 (Daily Classic R1), 1.0814 (Daily Open), 1.0820 (Yesterday's High), 1.0823 (Hourly 200 SMA) and 1.0824 (Daily High). Support below can be found at 1.0807 (Hourly 20 EMA), 1.0806 (Daily Low), 1.0798 (Weekly Classic PP), 1.0796 (Daily Classic PP) and 1.0794 (Daily 100 SMA).