AUD/NZD chart - Trading View
AUD/NZD was trading 0.24% higher on the day at 1.0997 at around 06:10 GMT after closing 0.23% higher in the previous session.
The pair has ignored a 'Shooting Star' formation on the weekly charts and has resumed upside.
Price action is extending major trendline breakout and is trading just shy of 78.6% Fib at 1.1012.
News that a joint of Japan's Kirin Holdings and China Mengniu Dairy Co abandoned plans to buy Australian dairy firm Lion-Dairy weighs on the pair.
Technical studies are strongly bullish. Pullbacks on account of overbought oscillators have held above 200H MA support.
The pair is set to resume upside and breakout at 78.6% Fib will propel the pair higher. Next bull target lies at 88.6% Fib at 1.1142.
On the flipside, 200H MA at 1.0969 is strong support. Break below will see dip till 21-EMA at 1.0886. Bullish invalidation below 200-DMA.


FxWirePro:NZD/USD uptrend loses momentum but bullish setup remains
FxWirePro: USD/ZAR edges lower ,investors remain on edge
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD down trend loses steam, remains on bearish path
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD bulls remain cautiously optimistic
FxWirePro: GBP/AUD gains some upside momentum but still bearish
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro: USD/CAD recovers slightly but bearish outlook persists
FxWirePro: USD/ZAR recovers slightly but trend is still bearish
Euro Holds the Line: EURUSD Finds Support at the 365-EMA as Peace Talks Loom
FxWirePro: GBP/USD biased higher but rally currently stretched
FxWirePro: GBP/NZD up trend gains some momentum but hurdles ahead
NZDJPY Bulls Charge Toward 95.00: Safe-Haven Exodus Drives Kiwi Rally
FxWirePro: EUR/AUD downtrend loses steam but outlook still bearish 



