- Pair is currently trading at 1.0780 levels.
- It made intraday high at 1.0808 and low at 1.0754 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 1.0873 levels.
- A daily close above 1.0970 will turn bias bullish and take the parity around 1.11 marks.
- Key support levels are seen at 1.0747, 1.0576 and 1.0508 levels.
We prefer to take short position in AUD/NZD around 1.08, stop loss 1.0873 and target 1.0721/1.0662 levels.
