- AUD/NZD has broken major support at 1.0707 on 4H charts and edged lower to currently trade around 1.0672 levels.
- Intraday bias is lower, momentum bearish and Stochs are biased lower.
- Upside was rejected on Tuesday's trade at high around 1.0743 which is strong resistance level.
- Major support on the downside is seen at 1.0625 (20-DMA), decisive break below could drag the pair to 1.05 levels.
Recommendation: Good to go short on rallies around 1.0675, SL: 1.07, TP: 1.0650/ 1.0625/ 1.0610
