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AUD/NZD chart - Trading View
Technical Analysis: Bias Bullish
- AUD/NZD extends bull run for the 6th straight session
- The pair is testing cloud resistance at 1.0480, break into cloud will see further gains
- Supertrend indicator flashes a Buy signal, MACD and ADX support gains
- GMMA indicator shows minor trend is strongly bullish, momentum is bullish
- Price action has broken above 55-EMA and volatility is high
Support levels - 1.0446 (55-EMA), 1.0430 (5-DMA), 1.0386 (21-EMA)
Resistance levels - 1.0491 (Cloud base), 1.0533 (110-EMA), 1.0546 (50% Fib)
Summary: AUD/NZD is poised for further upside. Cloud is offering stiff resistance, watch out for break above for upside continuation. Scope for test of 50% Fib at 1.0546.
