FxWirePro: AUD/NZD breaks above 20-DMA, bias higher, good to go long on dips

• AUD/NZD is holding break above 20-DMA at 1.0940, intraday bias higher.
   
• The pair is edging higher after holding major trendline support at 1.080.
   
• We see weakness only on close below 20-DMA.
   
• Price action in the pair is raging above daily cloud and all major moving averages.
   
• Strength in RSI seen above 63 mark with scope for further upside. Stochs are also biased higher.

Support levels - 1.080 (trendline), 1.0778 (Mar 6 lows), 1.0706 (50-DMA)

Resistance levels - 1.0971 (Mar21 high), 1.10 (trendline), 1.1018 (March 16 high)

TIME  TREND INDEX  OB/OS INDEX    

1H          Bullish                Neutral       
4H          Bullish                Neutral       
1D          Bullish                Neutral        
1W         Bullish                Neutral    
  
Recommendation: Good to go long on dips around 1.0935/40, SL: 1.09, TP: 1.0970/ 1.10/ 1.1015

FxWirePro Currency Strength Index: FxWirePro's Hourly AUD Spot Index was at 25.2839(Neutral), while Hourly NZD Spot Index was at 10.9867 (Neutral) at 0920 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.