AUDUSD and NZDUSD tell similar technical stories today. What does that story say? | Forexlive

The AUDUSD and NZDUSD have technical stories that are similar. On the downside, the low prices from yesterday gave traders is something to lean against on dips. For the AUDUSD a swing area and downward-sloping trendline on the daily chart stalled the fall. On the topside the falling 100-hour moving average is resistance, and would need to be broken to increase the bullish bias.

For the NZDUSD, the 61.8% retracement of the range of the move up from the 2022 low to the 2023 high stalled the fall as did a downward sloping trendline. On the topside, like the AUDUSD, the falling 100-hour moving average is resistance, and would need to be broken to increase the bullish bias.