Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
Cancel Confirm
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Confirm
Octa trading broker Sign up Log in
Octa trading broker
Open trading account
Trading news
Back
30 Jul 2021

AUD/NZD Price Analysis: Bears attacks critical support near 1.0540

  • AUD/NZD remains muted in the Asain trading session on Friday.
  • Additional loose envisioned for the pair if price breaks 1.0540.
  • Momentum oscillators indicate underlying bearish sentiment

AUD/NZD treads water on the last trading week of the day in the Asian trading hours. The pair lacks direction and hovers in a narrow price band.

At the time of writing, AUD/NZD is trading at 1.0554, down 0.01% for the day.

AUD/NZD daily chart

On the daily chart, the AUD/NZD pair has been trading below the 20-day Simple Moving Average (SMA) near 1.0623. 

A  sustained move above the intraday low would bring more selling opportunities. 

In doing so, the levels last seen in 2020 could be back in action with the first lower target at 1.0512 low of December 9,  2020, followed by the previous day’s low in the vicinity of 1.0500.

The Moving Average Convergence Divergence (MACD) indicator holds in the oversold zone. Any downtick in the MACD would accelerate the selling pressure toward December 4, a low of 1.0506.

Alternatively, if price moves higher, it would retest the 1.0585 horizontal resistance level.

Further, AUD/NZD bulls would aim for the previous day’s high at 1.0641

The market participants will keep their eyes on the 1.0697  horizontal resistance level.

AUD/NZD additional levels


 

Jul 30, 2021

Asian Stock Market in a sea of red in sync with S&P 500 futures amid escalating covid woes

Despite a positive close on Wall Street overnight, the Asian traders fail to rejoice, as the sentiment has turned sour on the final trading day of the
Read more Previous
Jul 30, 2021

Singapore Unemployment rate fell from previous 2.9% to 2.7% in 2Q

Singapore Unemployment rate fell from previous 2.9% to 2.7% in 2Q
Read more Next