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10 Jun 2019
AUD/NZD technical analysis: RSI/Stochastics oversold, eyes on 1.0673
- AUD/NZD RSI/Stochastics is oversold on the daily chart opening prospects of a run to Jan highs, 1.0673.
- However, the trend is not defined and should the recent support give the 20 and 50 DMAs may remain dominant.
- A downtrend may emerge below 1.0410 where momentum indicators will be more of use.
- For the meanwhile, a box formation is what may come of some upside at this juncture to prior main resistance at 1.0730.
