Chart - Courtesy Trading View
Technical Analysis:
- AUD/NZD was trading 0.41% higher on the day at 1.1020 at around 10:50 GMT
- The pair has bounced off daily cloud support, hovers around 50-DMA
- Price action has edged above 200H MA, scope for further upside on close above
- Bullish RSI divergence seen on the hourly charts raises scope for upside
Support levels:
S1: 1.0987 (55-EMA)
S2: 1.0930 (Lower BB)
Resistance levels:
R1: 1.1018 (50-DMA)
R2: 1.1024 (21-EMA)
Summary: AUD/NZD trades with a neutral bias. Weakness only on break below daily cloud.
