Gold Update: Can XAU/USD Stay Under Pressure?
Gold has come under renewed pressure as Treasury yields and the U.S. dollar regain strength. Here is what the latest move in XAU/USD may mean, and the key technical levels now in focus.
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AUDNZD analysis for 20.09.2023
Abstract：The AUDNZD exhibits a predominantly sideways trend with a hint of bullishness.
The AUDNZD exhibits a predominantly sideways trend with a hint of bullishness. The shorter SMA, initially beneath the longer one, is now at a pivotal intersection, potentially signaling an upcoming bullish crossover. The stochastic oscillator, sitting around the mid-level of 50 and positioned above its 3-day MA, further endorses this bullish sentiment. Traders should keep a close watch for potential breakout momentum if the bullish cues strengthen.
There is a resistance level at 1.08988; followed by resistance at 1.09106 and 1.09266.
• There is a support level at 1.08156 Below, there are 1.08336 and 1.08631.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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