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AUD/NZD chart - Trading View
AUD/NZD on track to close higher for the 3rd straight session.
The pair was trading 0.47% higher on the day at 1.0744 at around 13:00 GMT.
Technical bias has turned bullish after price action has bounced off 21-EMA support and daily cloud.
Oscillators are biased higher. RSI is above 60, shows strength in the current uptrend.
MACD and ADX supports gains. Price action has retraced dip below 200W SMA.
Rising volatility and bullish momentum to carry prices higher. Scope for test of major trendline resistance at 1.08.
21-EMA is strong support at 1.0679. Break below will see minor weakness. Bullish invalidation only below 200-DMA
Support levels - 1.0709 (5-DMA), 1.0679 (21-EMA)
Resistance levels - 1.0745 (55 M EMA), 1.0825 (Trendline)
