- AUDNZD is extending downside after failure to hold break above 20-DMA, bias lower.
- The pair is extending downside for 3rd consecutive session, is currently trading at 1.0676 levels, down 0.17% on the day.
- Technical indicators on intraday charts have turned bearish. We see scope for further weakness on break below channel base.
- Price action has broken below 1H 200-SMA support raising scope for further weakness.
- Upside now capped below 1.0764 (21-EMA). Decisive break above could see test of 200-DMA.
- Violation at 200-DMA could take the pair higher.
Support levels - 1.0654 (Feb 22 low), 1.0630 (channel base), 1.06
Resistance levels - 1.0747 (20-DMA), 1.0764 (21-EMA), 1.0847 (200-DMA)
Call update: Our previous call (https://www.econotimes.com/FxWirePro-AUD-NZD-fails-to-hold-break-above-20-DMA-good-to-go-short-below-10732-1176859) has hit TP1.
Recommendation: Bias lower, stay short.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro: USD/CAD shows upside momentum, but bearish outlook remains
Aussie Retreat: AUDJPY Sees Minor Profit-Taking After Touching Multi-Year Peak
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Pair levels and bias summary
Bitcoin Rises on Diplomatic Hopes: Bulls Eye $85,000 Ahead of Ceasefire Talks
FxWirePro- Major European Indices
Ethereum Stays Resilient: ETHUSD Follows Bitcoin's Lead Above USD 2,300
FxWirePro: NZD/USD firms as Q1 NZ CPI runs hotter than expected
FxWirePro: USD/CNY edges lower, set to stay on back foot
FxWirePro: USD/JPY edges higher as yen weakens on BOJ policy uncertainty
Yen Under Siege: NZDJPY Bulls Eye 96.00 Amid Broad Japanese Weakness
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/AUD downtrend loses steam but outlook still bearish
FxWirePro: EUR/ NZD downside pressure builds, key support level in focus
Institutional Whale Surge: ETHUSD Trends Higher as Bitmine Amasses 4.97 Million Ether
FxWirePro- Woodies Pivot(Major) 



