AUD/NZD chart - Trading View
AUD/NZD was trading 0.17% lower on the day at 1.0579 at around 05:45 GMT, extending previous session's losses.
The pair has broken strong support at 110-EMA raising scope for further weakness.
Major trend in the pair is neutral while minor trend has shifted to bearish. RSI is below 50 and momentum is strongly bearish.
Geopolitics, trade war and coronavirus risks keep the antipodeans depressed. Weakness across the commodity space weighs on the Aussie.
Recovery attempts lack traction. Upside capped at stiff resistance at 5-DMA at 1.0607. Break above finds next major resistance at 1.0637 (55-EMA).
Dip till 200-DMA at 1.0536 likely. Violation at 200-DMA opens further downside for the pair.


FxWirePro: GBP/AUD gains some upside momentum but still bearish
Bitcoin’s Volatile Reset: ETFs Rebound as Bulls Eye USD 80,000 Milestone
FxWirePro: EUR/AUD downtrend loses steam but outlook still bearish
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR recovers slightly but trend is still bearish
FxWirePro- Major Pair levels and bias summary
Euro Holds the Line: EURUSD Finds Support at the 365-EMA as Peace Talks Loom
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major European Indices
FxWirePro: GBP/NZD down trend loses steam, remains on bearish path
FxWirePro: GBP/NZD up trend gains some momentum but hurdles ahead
NZDJPY Bulls Charge Toward 95.00: Safe-Haven Exodus Drives Kiwi Rally
FxWirePro: GBP/USD bulls remain cautiously optimistic
FxWirePro: USD/CAD recovers slightly but bearish outlook persists
FxWirePro: USD/JPY holding bid into weekend 



