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FxWirePro: AUD/NZD Daily Outlook

Chart - Courtesy Trading View 

Technical Analysis: Bias Bullish

- AUD/NZD was trading 0.30% higher on the day at 1.0963 at around 10:50 GMT

- The pair is extending upside for the 4th consecutive session, bias is bullish

- MACD  is on verge of bullish crossover on signal line, ADX supports upside

- The pair is surging higher after channel breakout, bias remains bullish

- Momentum is with the bulls, Stochs and RSI are biased higher

Support levels - 1.0894 (5-DMA), 1.0884 (21-EMA)

Resistance levels - 1.0980 (Upper BB), 1.10 

Summary: AUD/NZD trades with a bullish bias. Scope for break above 1.10 mark. 
 

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