Chart - Courtesy Trading View
Technical Analysis: Bias Bullish
- AUD/NZD was trading 0.59% higher on the day at 1.1351 at around 13:50 GMT
- The pair is spiking higher for the second straight session, outlook bullish
- Price action is above daily cloud, Chikou span is biased higher
- MACD and ADX supports upside in the pair, GMMA indicator shows major and minor trend are bullish
Support levels - 1.1422 (Aug 2015 high), 1.1262 (5-DMA)
Resistance levels - 1.1442 (200-month MA), 1.15
Summary: AUD/NZD trades with a bullish bias. The pair is on track to test 200-month MA at 1.1442.
