AUD/NZD - Technical Analysis & Market SentimentAustralian vs New Zealand DollarICMARKETS:AUDNZDFaithdrivenTrades📉 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)