AUD/NZD Technical Analysis: Downside pressure remains a key force on the Aussie against the Kiwi

• The past twenty-four hours have seen the Aussie lift and then settle again against the Kiwi, leaving AUD/NZD more or less where it started the week as bidders struggle to return to the fold.

AUD/NZD Chart, 5-Minute

• Over the near-term, the Aussie is exposed its softer underside more often than not, keeping the AUD/NZD pinned to the low end of the 100-hour moving average currently sitting near 1.0660.

AUD/NZD Chart, 30-Minute

• Over the past two months, the Aussie-Kiwi has flagged into the downside as the AUD continues to suffer a confidence crisis at the hands of slumping Chinese trade figures, offset by New Zealand's decidedly sunnier outlook,  and the pair has a long way to go before ousting the current downtrend.

AUD/NZD Chart, 4-Hour