Chart - Courtesy Trading View
Technical Analysis:
- AUD/NZD was trading 0.13% lower on the day at 1.0958 at around 06:05 GMT
- The pair has been rejected at 200-DMA, extends weakness for the second straight session
- GMMA indicator has turned bearish on the intraday charts, price action hovers around 200H MA
- Chikou span is biased lower, MACD is on verge of bearish crossover on signal line
Major Support Levels:
S1: 1.0946 (200H MA)
S2: 1.0899 (21-EMA)
Major Resistance Levels:
R1: 1.0998 (200-DMA)
R2: 1.1037 (Upper BB)
Summary: AUD/NZD upside falters at 200-DMA. Decisive break above required for upside continuation. On the flip side, break below 200H MA will drag the pair lower.
