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Chart - Courtesy Trading View
Technical Analysis: Bias Bearish
- AUD/NZD was trading 0.21% lower on the day at 1.1016 at around 13:10 GMT
- The pair is holding support at 21-EMA, break below will see more downside
- Bearish divergence on Stochs and RSI adds to the downside bias
- MACD shows bearish crossover on signal line, Chikou span is biased lower
Support levels - 1.0993 (21-EMA), 1.0899 (55-EMA)
Resistance levels - 1.1037 (5-DMA), 1.1129 (Upper BB)
Summary: AUD/NZD pivotal at 21-EMA support. Watch out for break below for further weakness.
