- AUD/NZD breaks below major trendline support at 1.0875, bias lower, we prefer to stay short.
- The pair is extending weakness after break below 20-DMA, hits 3-week low at 1.0849.
- Price action today remains extremely range-bound, the pair makes the day's high of 1.0874 and a low of 1.0854.
- Upside finds stiff resistance at 1.0938 (converged 20-DMA and 38.2% Fib). Upside only on break above.
- Technical studies are bearish. Next bear target 50% Fibo at 1.0830 ahead of 61.8% Fib at 1.0721.
- Markets now await New Zealand seasonally adjusted Building Permits for December for further impetus in the pair.
Call update: Our previous call (https://www.econotimes.com/FxWirePro-AUD-NZD-finds-strong-support-at-10950-20-DMA-good-to-go-short-on-break-below-1124222) has hit TP1.
Recommendation: Book partial profits at lows. Bias lower, hold for further downside.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro- Major European Indices
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro- Major Crypto levels and bias summary 



