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AUD/NZD chart - Trading View
Technical Analysis: Bias Bullish
- Spikes past 200-DMA, gains over 0.45% on the day
- 5-DMA has turned and is now support at 1.0628
- Stochs and RSI have rolled over from oversold levels
- MACD is on verge of bullish crossover on signal line
Support levels - 1.0634 (200-DMA), 1.0628 (5-DMA), 1.0583 (Trendline)
Resistance levels - 1.0696 (21-EMA), 1.0712 (20-DMA), 1.0738 (110-EMA)
Summary: The pair has failed to extend break below 200-DMA and price has retraced above. Oscillators are showing a bullish rollover from oversold levels raising scope for further upside. Gains till 110-EMA at 1.0738 likely.
