Chart - Courtesy Trading View
Technical Analysis:
- AUD/NZD was trading 0.44% higher on the day at 1.0998 at around 12:00 GMT
- The pair is showing signs of a bullish reversal, hovers jusy shy of 200-DMA
- Stochs and RSI show bullish rolled over from oversold levels
- The pair ignores Inverted Hammer formed on the previous day's candle
- Chikou span and 5-DMA are biased higher, GMMA shows bullish shift on the intraday charts
- MACD shows bullish crossover on signal line
Support levels - 1.0949 (5-DMA), 1.0933 (200H MA)
Resistance levels - 1.1006 (200-DMA), 1.1084 (110-EMA)
Summary: AUD/NZD poised for a bullish reversal. Watch out for decisive break above 200-DMA for further gains.
