In the early hours of Wednesday, the Australian and New Zealand dollars are trading in a range after suffering a substantial loss the previous day. Soaring Treasury rates, which made the U.S. Dollar an even more appealing asset, and gloomy domestic statistics, which cast doubt on predictions of robust economic recovery this year, both contributed to the decline.
0.67760 serves as support while 0.67970 serves as resistance. Currently the price is above the Pivot Point at 0.67830. The EMAs of 100 and 200 are moving horizontally, the EMA of 10 is showing a slight uptrend. There is a strong rising trend in the RSI above the 50 mark. The MACD histogram is in positive zone with the signals going to generate a buy signal. The Stochastic oscillator is now moving towards overbought territory. ADX is not showing a clear signal.
The price is under the Ichimoku Cloud and the Chinkou Span is near the market price. The Tenkan-sen is moving with a slight bullish trend below the Kijun-sen which is moving horizontally.

• There is resistance at 0.67970, followed by resistance at 0.68040 and 0.68180.
• There is support at 0.67760 Below, there is 0.67620 and 0.67550.

Note: We do not suggest any investment advice, and these analyses are just to increase the traders’ awareness but not a certain instruction for trading.