FxWirePro: AUD/NZD Daily Outlook
AUD/NZD chart - Trading View
AUD/NZD was trading 0.18% lower on the day at 1.0727 at around 12:40 GMT, outlook bearish.
The pair is on verge of breach below channel base support, scope for further weakness.
Momentum studies are strongly bearish. Stochs and RSI are sharply lower. MACD is on verge of bearish crossover on signal line.
Price action has retraced into the weekly cloud and is on track to test 200-week MA at 1.0696.
The pair has slipped below 200H MA, GMMA indicator has shown a bearish shift on the intraday charts.
AUD/NZD has slipped below 200-DMA and daily cloud and is on track to test 50% Fib retracement at 1.0682.