FxWirePro: AUD/NZD Daily Outlook

Chart - Courtesy Trading View 

Technical Analysis: Bias Bearish

- AUD/NZD was trading 0.13% lower on the day at 1.0532 at around 12:30 GMT

- MACD is biased bullish, ADX is also supporting upside with +ve DMI dominance

- Momentum is bullish, Stochs and RSI are biased higher, Bollinger bands are wide suggesting high volatility

- GMMA shows major trend is turning bullish, minor trend is strongly bullish

Support levels - 1.0516 (5-DMA), 1.0479 (110-EMA), 1.0453 (21-EMA)

Resistance levels - 1.0560 (Upper BB), 1.0591 (200-DMA), 1.06

Summary: AUD/NZD is poised for further gains. Bulls target 200-DMA, further bullishness only on break above.