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09.01.202406:47 Forex Analysis & Reviews: Technical Analysis of Daily Price Movement of AUD/NZD Cross Currency Pairs, Tuesday January 09, 2023.

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 09.01.2024 analysis

If we pay attention to the daily chart of the AUD/NZD Cross Currency, the condition of the Stochastic Oscillator indicator is at the level of Oversold and has a hidden deviation with the current price movement so that based on this fact, in the next few days AUD/NZD has the potential to experience strengthening in the future, especially if the level The Bullish Fair Value Gap (Cyan) area functions as a level of support that is strong enough so that AUD/NZD does not fall down to be below the level of 1,0679 so if this happens then the currency pair will re -strengthen appreciated up to 1,0809 as the main target and 1,0879 level as the next target to be aimed.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
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