AUD/NZD remains supported below 1.08 marks, sell on rallies

• Since the beginning of the year, pair is consolidating in between 1.0970 to 1.0571 levels. 
  
  
• Short term trend remains bearish till the time pair holds key resistance level at 1.0873 marks. 
  
  
• Alternatively, recent downfall will take the parity around key support area at 1.06 marks.
  
   
• Initial resistance levels are seen at 1.0752, 1.0822 and 1.0970 levels.
  
  
• On the other side, key support levels are seen at 1.0694, 1.0647 and 1.0571 levels.

We prefer to take short position is AUD/NZD around 1.0750, stop loss 1.0873 and target 1.0618 levels.