AUD/NZD chart - Trading View
AUD/NZD was trading 0.17% lower on the day at 1.0579 at around 05:45 GMT, extending previous session's losses.
The pair has broken strong support at 110-EMA raising scope for further weakness.
Major trend in the pair is neutral while minor trend has shifted to bearish. RSI is below 50 and momentum is strongly bearish.
Geopolitics, trade war and coronavirus risks keep the antipodeans depressed. Weakness across the commodity space weighs on the Aussie.
Recovery attempts lack traction. Upside capped at stiff resistance at 5-DMA at 1.0607. Break above finds next major resistance at 1.0637 (55-EMA).
Dip till 200-DMA at 1.0536 likely. Violation at 200-DMA opens further downside for the pair.


FxWirePro: USD/ CNY hits one-month low,scope for futher downside
FxWirePro: EUR/AUD regains upwards momentum but unable to hold above 50%fib level
FxWirePro: USD/ZAR firms ahead of Fed interest rate decision
AUD/JPY Slips Below 112 as BOJ Intervention Sparks Bearish Momentum: Sell the Rallies
FxWirePro: NZD/USD firms as Kiwi gains on strong ANZ business outlook data
EURUSD Spikes to 1.14306 on Fed Pause as Traders Eye Sell-the-Rally Setup
FxWirePro: USD/CAD slips after Fed holds rates steady
FxWirePro: GBP/USD rises as soft US data pressures dollar
FxWirePro- Major Crypto levels and bias summary
FxWirePro : GBP/NZD strongly bearish despite upside attempts
FxWirePro: USD/ CNY remains soft ahead of Fed decision
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD edges lower ahead of Fed policy verdict
FxWirePro- Woodies pivot (Major)
FxWirePro: AUD/USD dips below lower range, bearish bias increases
Major FX Action Bias & US Market Sentiment: NZD/USD (Extremely Bullish) & AUD/USD (Bullish) Watchlist 



