AUD/NZD - Technical Analysis & Market Sentiment

📉 Bearish Bias

✅ Moving Averages (50MA & 200MA) - Price is below key MAs, signaling a downtrend. (+2)
✅ MACD - Histogram below the signal line, confirming bearish momentum. (+1)
✅ Parabolic SAR - Dots above price action, indicating a downtrend. (+1)
✅ Range Consolidation - Price stuck in a tight range, showing weak bullish momentum. (+1)

🔻 Total Bearish Score: 5

📰 Sources:
MACD & Parabolic SAR - IFC Markets
Price Action & Moving Averages - XTB

📈 Bullish Bias

✅ 1HR Support Holding - Buyers defending support level, preventing breakdown. (+1)
✅ Daily Trendline Support - Price bouncing off the long-term trendline. (+2)
✅ Stochastic Oscillator - Near oversold territory, potential reversal setup. (+1)

🔹 Total Bullish Score: 4

📰 Sources:
Trendline Support - XTB
Stochastic Oversold - RoboForex

📊 Sentiment & Market Factors

📉 RBA Dovish Tone (- Bearish) - Reserve Bank of Australia signaled potential rate cuts. Source📈 NZD Strengthening (+ Bullish) - Strong economic data supports NZD. Source
📉 Weak Commodity Prices (- Bearish) - Falling iron ore prices weigh on AUD. Source

📌 Final Bias: Slightly Bearish (Score: 5 vs 4)