Chart - Courtesy Trading View
AUD/NZD was trading 0.47% higher on the day at 1.1077 at around 16:00 GMT.
The pair has broken above daily cloud, raising scope for further upside.
MACD is on verge of bullish crossover on signal line, ADX supports gains
Momentum is bullish, RSI is above 50 and biased higher, Stochs are biased higher.
Price action is above 200H MA and GMMA indicator shows major and minor trend are bullish.
Support levels:
S1: 1.1031 (21-EMA)
S2: 1.0921 (110-EMA)
Resistance levels:
R1: 1.1094 (July high)
R2: 1.1165 (Upper W BB)
Summary: Pullback has found support at daily cloud. The pair is poised for upside resumption. Weakness only below cloud.
