Chart - Courtesy Trading View
Technical Analysis: Bias Bullish
- AUD/NZD was trading 0.09% higher on the day at 1.0544 at around 10:45 GMT
- The pair is extending upside for the 5th straight session, outlook is bullish
- Stochs and RSI are sharply higher, momentum is bullish
- Price action is above cloud, Chikou span is biased higher
- GMMA indicator shows major and minor trend are strongly bullish
Support levels:
S1: 1.1041 (5-DMA)
S2: 1.1011 (20-DMA)
Resistance levels:
R1: 1.1093 (Upper BB)
R2: 1.1110 (May 2022 high)
Summary: AUD/NZD trades with a bullish bias. Scope for test of fresh 2022 high above 1.1110.
